AVAX: Trader Flags Break of Key MAs Toward $10
AVAX at $6.63 eyes 21-day and 50-day MA break with 4h bullish MACD golden cross supporting run to $10 amid altcoin momentum.
SourceAnalysis
AVAX sits at $6.63 as trader @CryptoMichNL highlights clean price action that targets a break above the 21-day and 50-day moving averages for a measured move to $10.
Price action on the 4h chart shows the asset trading inside its Bollinger Bands with the upper band at $6.71 acting as immediate resistance while the lower band at $6.43 offers short-term support; the MACD golden cross at 0.0 reinforces the bullish structure even as RSI at 54.45 remains neutral.
With price already testing the EMA50 at $6.58 and the EMA200 at $6.63 serving as layered support, any sustained push through the upper Bollinger Band opens the path to the next liquidity pocket near $10 without requiring overbought conditions first.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast