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

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

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

Key support level: $17-$18, a turning point for market fate

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

Elliott wave pattern indicates upward potential

From a technical perspective, AVAX has formed a five-wave pattern and is expected to possibly break through resistance levels at $23 and $25 in the short term. If it breaks these key technical thresholds, the market may experience a rapid rise.

On-chain activity still appears weak, market sentiment is complex

Despite the optimistic technical outlook, on-chain indicators show weakness, particularly with a decline in large transaction volumes, and whale funds are taking a wait-and-see approach. This suggests that there may still be significant fluctuations in the market in the short term.

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

Market attention is focused 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 trend.