AVAX has strongly rebounded from $23.50, with bulls successfully holding key areas, and the short-term trend is clearly bullish.

Current resistance is at $28.80; if broken, the price is expected to continue rising, targeting $31.73 and $36 in sequence, with the possibility of entering a main upward wave phase.

Support to watch is at $22.78.

The key support below is the 20-day moving average ($22.78). If this support is lost, it may open up a retracement space, with short-term support moving down to $19, which could attract some funds to enter for bottom-fishing.

Aggressive bulls: If it retraces but does not break $23.50, they may attempt to go long, targeting $31.73/$36.

Conservative strategy: Wait for a breakout above $28.80 before entering, to avoid getting trapped by chasing highs.

Bearish outlook: If it breaks below $22.78, then consider going short, targeting the $19 area.