Friends, we are in a very critical area for #AVAX.

The price is at 18.63 and continues to hover in the range of 14 - 18.60, which has been acting as support for a long time.

A clear double top formation is visible on the chart, but interestingly, the formation has not actually broken; it seems to have taken support from the neckline area instead.

This raises the possibility of a potential false breakdown.

What can be expected here?

If the 18.60 area is strongly defended, the first resistance will be at 25, followed by 33. If these levels are surpassed, then 44 – 63 and eventually 94 could come into our radar.

It is important for the momentum to be supported by volume for this movement. After all, there is a price that has reversed multiple times before these areas.

What if it goes down?

If the 18.60 support is broken, there is a risk of a pullback initially to 14, and if that is broken, down to 9.

Technically, there is a nice-looking structure. It is necessary to carefully observe the reactions in this area. As always, jumping in without confirmation can be risky. We can say that the confirmation area starts with the price maintaining above the level of 25.9$ . Why do I say this?

🔹 The level of 25.90$ has frequently worked as both resistance and support in the past.

We can say that the fate of AVAX is dependent on the strengthening in this support band.

Definitely worth following 👀