From 18 March to 11 April, Avalanche traded within a range, and in the past few days, AVAX has broken out above this range and done so on the back of strong demand as well. A move upward to the $21 resistance zone was likely.
2023-24
A revisit of the range highs, if it occurred, would present a buying opportunity, as it would be a retest of a demand zone.Source: AVAX/USDT on TradingView The RSI showed hefty bullish momentum and the OBV spiked upward to underline the large buying pressure behind the token. If this continued, it was likely that Avalanche would reach the next region of resistance at $21 soon.The $21 area was important because of the presence of a daily bearish order block formed on 21 February. Highlighted in red, it could pose a substantial obstacle to AVAX bulls.
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