#AVAX - 4 Hour Review

The AVAX stock is currently stabilizing near a weak local low of $18.87. The price is forming a base above the demand zone, which may represent a launching point for a recovery.

☑️ A rebound from the $18.5-$19.0 area with a breakout above $21.71 and stabilization in the $22.49 area will open the way for strong resistance at $23.5-$24.5, with a bullish breakout targeting a local high of $26 and above.

☑️ With weak buyers and a false breakout at the $21.7 level, a return to the $19 level is likely, followed by a subsequent update of the low with a target in the $18.0-$18.5 area.

🔍 Levels worth monitoring:

Resistance: $21.71 / $22.49

Bull Target: $23.5-$24.5 and $26 and above

Support: $18.5-$19.0

📌 Accumulation is ongoing, and the decision lies behind the nearest candle. We are watching the reaction at $21.7 and $18.5 - that’s where the rush will hide.