Avalanches currency price (AVAXUSD) edged slightly lower in latest intraday trading, as it attempts to gather positive momentum that may support a new upward move. At the same time, its working to vent off some of its apparent overbought saturation on the Stochastic, especially with negative signals starting to emerge. This comes amid continued positive pressure from trading above the 50-period SMA, and under the dominance of a short-term upward correctional trend, with trading along a rising trend line.

Therefore we expect the currency to rise in upcoming intraday trading, as long as it remains above $18.43, targeting the pivotal resistance level of $26.84.

Todays price forecast: Bullish