๐ Avalanche ($AVAX ) Trend Update: Can We See a Bounce from Here? ๐
Avalanche ($AVAX ) is currently trading around $17โ$18, after pulling back from its earlier 2025 highs.
Despite recent weakness, AVAX is hovering above key support near $16.50โ$17.00, where buyers could step in.
๐ Trend overview:
โ Short-term: Consolidating around $17โ$18; market waiting for a catalyst.
โ Medium-term: Needs to reclaim $19โ$20 zone to confirm a reversal.
โ Long-term: Still holding above multi-month support; bullish if it stays above $16.00.
๐ Targets to watch:
๐ First target: $19.00 โ local resistance zone.
โก Next target: $21.50 โ stronger breakout confirmation.
๐ฏ Bullish scenario: If momentum picks up, AVAX could revisit $24โ$25 in coming weeks.
๐ Support to hold:
๐ก๏ธ $16.00 โ closing below could trigger deeper correction towards $14.50.
For now, watch volume and ecosystem news: a bounce from here could signal the start of the next leg up! ๐
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