#BreakoutTradingStrategy

Here is a quick and concise analysis of Avalanche (AVAX) as of July 2025:

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🔹 Quick Overview:

Token: AVAX

Current Price: Ranges between $26 – $30 (depending on the market)

Market Rank: Among the top 20 cryptocurrencies by market capitalization

All-Time High: Approximately $146 (November 2021)

Max Supply: 720 million AVAX

Circulating Supply: ~370 million

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🔹 Technical Analysis (Approximate):

✅ Price Trend:

AVAX is currently moving in a sideways range between strong support at 22$ and resistance at $31.

Breaking resistance may open the way towards $36–$40, while breaking support may bring the price back to $18–$20.

📈 Technical Indicators:

RSI (Relative Strength Index): Around 50 → Neutral

MACD: Slight positive crossover, indicating potential upward movement

Moving Averages (MA50 / MA200): Convergence between them, indicating market balance with a slight upward bias

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🔹 Fundamental Analysis:

✅ Strengths:

Avalanche relies on the ultra-fast Snowball consensus and features fast transaction execution with low fees.

Adopted by many projects in DeFi and NFTs.

Strong support from major investors and developers, with strong funding.

⚠️ Challenges:

Intense competition from networks like Ethereum, Solana, Aptos, Base.

The platform still needs more leading projects to attract users permanently.

Notable impact from the overall market movement of Bitcoin.