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$AVAX ANALYSIS | THE 10 DOLLAR BATTLE
$AVAX has also taken its share of the sharp drops in the market.
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$AVAX , which rose to the $11.73 level, fell back to $9.76 under selling pressure and lost the psychologically significant $10 support.
However, it then recovered and regained the $10 level. It's currently being tracked moving near the $10.38 region.
So what could happen next? 👇
🟢 UPWARD SCENARIO
If it maintains above $10 and buying volume strengthens, I'll first track the $10.50 region.
If this region is breached, the $10.80–11 range could come into play. If strong momentum forms, the $11.20 and subsequently the $11.73 peak could be retested.
🔴 DOWNWARD SCENARIO
If the $10 support is lost again and the price shows persistence below this level, the $9.76 bottom region could come back into focus.
Breaking this region as well could increase selling pressure.
📌 Critical points for me:
• $10 → psychological support
• $10.38–10.50 → first recovery and resistance region
• $10.80–11 → region that needs to gain strength
• $11.73 → peak of the recent rise
• $9.76 → critical bottom in the downward scenario
I'm not just looking at the recovery of $10 here. Persistence above this level, volume, and $Bitcoin's direction will be determining factors.
I'm closely following
$AVAX 's RWA and institutional tokenization story. However, a strong fundamental narrative doesn't necessarily mean the price will definitely rise in the short term.
In my view, what needs to be watched now is whether the recovery after the drop turns into a real trend reversal.
Do you think
$AVAX can break above $11.73 again, or will the $10 support be tested once more? 🔺
#AVAX
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