🔺 $AVAX: THE RETURN HAS A CEILING TO BREAK
Avalanche supports decentralized applications and custom blockchains, with $AVAX powering its main network.
The bounce looks promising. The bigger picture keeps me cautious: price made a lower low than the 2022 bottom.
$10–12 is the first battle, right around the bearish trendline. I want a weekly close above $12 and a retest that holds.
Then my recovery scenario points to $15–19, followed by $22–26.
Clear both, and $30–35 becomes the big test. That zone could produce another lower high, so I’m not assuming new ATH.
If the recovery fails, $8.50–9.50 returns to focus, with $5.80–7 below.
$AVAX
Avalanche supports decentralized applications and custom blockchains, with $AVAX powering its main network.
The bounce looks promising. The bigger picture keeps me cautious: price made a lower low than the 2022 bottom.
$10–12 is the first battle, right around the bearish trendline. I want a weekly close above $12 and a retest that holds.
Then my recovery scenario points to $15–19, followed by $22–26.
Clear both, and $30–35 becomes the big test. That zone could produce another lower high, so I’m not assuming new ATH.
If the recovery fails, $8.50–9.50 returns to focus, with $5.80–7 below.
$AVAX
