🚀 Is AVAX on the verge of a breakout? Analysis reveals the possibility of a price rebound to $23!

🔥 AVAX rebounded at a key support level, buy signals are flashing! Can it break through $23?

The price of Avalanche (AVAX) is facing a critical rebound opportunity, with support encountered around $19.75, signaling a potential reversal. The TD Sequential indicator on the 4-hour chart shows buy signals, suggesting that AVAX may break through the $20 barrier and head towards $21 and even $23.

📈 Strong support and breakout could drive prices higher

AVAX's price has formed a strong low in the $19.00-$19.50 range, previously triggering a rebound to $23.10. A break above $20.50 could imply that prices will continue to rise, possibly approaching $22.50. However, if it falls below the $19.00 support, the downward pressure on AVAX will increase, potentially dropping to the $18.30 area.

💡 Capital inflow and market response

In the past 24 hours, AVAX's capital inflow reached $41.75 million, second only to Ethereum, reflecting strong market interest. Robust liquidity provides support for price increases, but if demand weakens, a price correction may occur.

🔮 Conclusion: Can AVAX rebound to $23?

AVAX's strong reaction in the key support zone and increased capital inflow make its short-term outlook optimistic. If it breaks above $20.50, the price is expected to continue rising above $22. However, changes in market sentiment and capital flow must remain consistent to support this rebound.