$AVAX /USDT 1D Chart Analysis (Updated – May 21, 2025)
AVAX has broken out of a long-term falling wedge and is now retesting the breakout zone. Price is above the 50 EMA, indicating bullish strength. This setup has a potential for a strong upward move if the retest holds.
✅ Entry Zone:
Current Price: ~$22.61
Retest Buy Opportunity: $22.00–$22.61
🎯 Simple Targets (TP):
TP1: $28.00
TP2: $36.00
TP3 (Final): $52.01
❌ Stop-Loss (SL):
SL Level: $19.21
(Below structure support and breakout invalidation)
📈 Trend Summary:
✅ Breakout from falling wedge (strong bullish reversal signal)
✅ Holding above 50 EMA
✅ Retest of breakout — good risk/reward setup
🧭 Bias: Strong bullish potential if $22 holds