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Avalanche price prediction: AVAX could retest $15 before recovery

  • AVAX is trading above $17 per coin after hitting the $15.90 mark on Sunday.
  • AVAX has added 2.5% to its value over the last 24 hours, positioning it as one of the top performers among major cryptocurrencies.
  • The cryptocurrency market, including AVAX, is showing signs of recovery after a bearish weekend.
  • AVAX could retest the $15 low before surging higher, with technical indicators remaining bearish.
  • AVAX/USDT 4-hour chart indicates a bearish outlook, with a potential test of the $15 low before a rally.
  • AVAX's RSI of 45 suggests bearish control but could trend towards neutral territory, while the MACD remains negative.
  • The market situation could determine whether AVAX targets $17.58 or reaches $20 in the near future.
  • If bearish momentum continues, AVAX might test support at $14.61 and potentially reach $12 if the level is not upheld.

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