【Stunning Insider】AVAX price will determine future trends at key support levels!

Can AVAX hold the key support level? Price may experience significant fluctuations!

The AVAX price is currently at its most critical support range in five years. The current trading price is close to $20.64, and although the trading volume has decreased, the structure suggests there is potential for a breakout. If AVAX can hold the support level at $17.53, it is expected to experience a strong rebound, targeting prices of $23.46 and $25.12.

Key support levels: $17-18, a turning point for the market's fate

AVAX is currently rebounding in the support zone of $16-18, which has historically been a key reversal point multiple times. Analysts point out that if AVAX can maintain this support, there is hope for a recovery in the future. If it falls below $17.53, it may enter a correction phase.

Elliott Wave pattern indicates upside potential

From a technical perspective, AVAX has formed a five-wave pattern and is expected to potentially break through the resistance levels of $23 and $25 in the short term. If it breaks through these key technical levels, the market could welcome a rapid increase.

On-chain activity remains weak, market sentiment is complex

Despite the positive technical outlook, on-chain indicators are showing weakness, particularly with decreased large transaction volumes, and whale funds remain cautious. This indicates that the market may still experience significant fluctuations in the short term.

Conclusion: AVAX's future fate will be revealed in a few days!

The market's focus is on whether AVAX can break through the current support range. In the coming days, whether AVAX can break through key technical levels will determine the future direction of its price movement.