🔹 Since mid-December, AVAX dropped hard, losing more than 70% from the highs.
🔹 Recently, the coin found strong support around the $15 zone, testing it twice — possibly forming a double bottom pattern.
🔹 At the time of writing, price is consolidating right under the neckline and seems to be building momentum for a move.
Key technical points:
• Massive drop from $55 opens room for a stronger relief rally.
• A breakout above the $23 resistance would confirm bullish continuation.
• $18 is now the new support zone — as long as it holds, the bias remains bullish.
• Major target for bulls: $30–31 area.
🚀 Plan: Watching for a confirmed breakout above $23 for potential continuation higher. As long as $18 support holds, dips could be seen as opportunities.
🔹 Recently, the coin found strong support around the $15 zone, testing it twice — possibly forming a double bottom pattern.
🔹 At the time of writing, price is consolidating right under the neckline and seems to be building momentum for a move.
Key technical points:
• Massive drop from $55 opens room for a stronger relief rally.
• A breakout above the $23 resistance would confirm bullish continuation.
• $18 is now the new support zone — as long as it holds, the bias remains bullish.
• Major target for bulls: $30–31 area.
🚀 Plan: Watching for a confirmed breakout above $23 for potential continuation higher. As long as $18 support holds, dips could be seen as opportunities.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.