๐ *AVAX (BINANCE:AVAXUSDT) Poised for a Breakout!*
Crypto analyst *Ivan Labrie* has forecasted a potential *surge in AVAX* and other L1s (Layer 1 blockchains), as capital begins rotating out of Bitcoin and into scalable ecosystems. With current price at *20.98*, AVAX could be gearing up for a strong move upwards! ๐ฅ๐
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๐ *Trade Setup*
- *Entry:*20.98 (current level)
- *Stop Loss (SL):* 19.20 (below last major support)
- *Take Profit Targets:*
- *TP1:*23.50 ๐ฏ
- *TP2:* 26.80 ๐
- *TP3:*30.40 ๐
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๐ *Price Predictions Table*
| Level | Price | Reason |
|-------|---------|------------------------------------------|
| TP1 | 23.50 | Resistance from last swing high |
| TP2 |26.80 | Fibonacci extension, bullish continuation zone
| TP3 | 30.40 | Psychological level + major resistance zone
| SL |19.20 | Key support zone, invalidation level |
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๐ *Deep Dive: Why AVAX & L1s?*
1. *Rotation Narrative* ๐: As Bitcoin consolidates near ATHs, traders are rotating funds into Layer 1s (e.g., AVAX, SOL, NEAR), which historically *outperform in altcoin seasons*.
2. *Fundamentals Improving* โ๏ธ: AVAX has been building out real-world assets (RWA) and institutional partnerships. Their subnet model attracts developers and DeFi protocols.
3. *Technical Outlook* ๐๐:
- Strong base formed around 19
- Breakout from descending channel
- RSI and MACD showing early bullish crossover
All signs point to a *bullish trend continuation*.
4. *Labrie's Strategy* ๐ง : Ivan Labrie focuses on early breakout levels with macro tailwinds. Heโs bullish on capital rotating into faster blockchains with active ecosystems โ and *AVAX fits that perfectly*.
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โ *Conclusion*
AVAX looks like a *high-probability setup* right now, especially with market momentum shifting toward altcoins. The chart is coiling up โ if21 holds, we could soon see $30+. ๐งจ๐ฐ