AVAX price started the week on a higher note and continued to print the gains. The price faces resistance near three-month highs near $103.However, the downside risk remains limited as the current price action suggests strong buying momentum.

  • AVAX price locks in meticulous gains on Saturday.
  • Bulls aim for $120 on a decisive close above $102.
  • The momentum oscillators tilt in favor of bullish sentiment.

AVAX price look for further gains

Source: Trading view

AVAX price is making efforts to continue moving north as tested the levels last in January. A strong green candlestick indicates the underlying bullish current in the asset. Next, if the price is able to breach the highs of March 5 at $106.59 then it would be easier for the bulls to march higher.

A resurgence in the buying pressure would push into a higher trajectory toward the psychological $120.0 level.

On the other hand, a shift in the bearish sentiment could result in the pullback in the price towards the lows of sessions at $96.07.

Next, a daily close below the critical $90.0 level would trigger a fresh round of selling in AVAX. The sellers would next aim for the 50-day EMA (Exponential Moving Average) at $82.55.

As of press time, AVAX/USD is trading at $102.65, up 6.34% for the day. The 10th largest cryptocurrency is holding the 24-hour trading volume at $1,718,502,769 as per the CoinMarketCap.

Technical indicators:

RSI: The Relative Strength Index traded above the average line since March 17. Currently, it reads at 70.

MACD: The Moving Average Convergence Divergence shows strong bullish momentum above the central line.

Trading volume: The On-balance volume reflects the force of demand-driven growth in the prices.

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