🏔️ $AVAX A $55 recovery starts with this breakout
$AVAX is testing the descending weekly resistance level after bouncing from its recent lows.
My bullish scenario requires the price to stabilize at $9.50–$11.50, followed by a sustained recovery to $14–$17.
Successful retests could open the way to $20, then $35. A breakout above the $32–$37 resistance zone would put $50–$55 in focus.
The target of approximately $55 is about 397% above the chart price of $11.073, with pullbacks expected between each wave.
A drop below $9.50 would weaken the setup. A weekly market close below $6 would invalidate this recovery scenario.
$AVAX
$AVAX is testing the descending weekly resistance level after bouncing from its recent lows.
My bullish scenario requires the price to stabilize at $9.50–$11.50, followed by a sustained recovery to $14–$17.
Successful retests could open the way to $20, then $35. A breakout above the $32–$37 resistance zone would put $50–$55 in focus.
The target of approximately $55 is about 397% above the chart price of $11.073, with pullbacks expected between each wave.
A drop below $9.50 would weaken the setup. A weekly market close below $6 would invalidate this recovery scenario.
$AVAX
