Avalanche ($AVAX ) is showing promising strength, currently hovering around $20.70 after rebounding from a recent low near $19.73. The price action suggests a potential upside move if $AVAX can break above the $21.00 resistance zone, with technical indicators starting to turn bullish.
---
✅ Trade Plan:
Entry Point: $20.70
Take Profit Levels:
• TP1: $21.50
• TP2: $22.90
• TP3: $24.35
Stop Loss: $19.50
---
📊 Technical Breakdown:
Price is holding above the 100-day ($19.73) and 200-day ($18.85) moving averages
RSI (~45) is in neutral territory
Stochastic Oscillator is trending up
MACD has flipped to a buy signal
ADX (~22) supports trend strength
Volume spikes to $613M, reflecting growing interest from smart money
Key resistance at $21.00–$21.50; breaking $22.93 (50% Fibonacci) could open doors to $24.95–$25.00
---
🔍 Key Reasons to Watch:
Strong buyer interest between $20.00 and $20.70
Technical signals aligning in favor of bulls
Avalanche ecosystem continues to grow, backed by solid partnerships (e.g., Ava Labs & AWS)
Use in DeFi, NFTs, and Web3 infrastructure remains strong
---
⚠️ Risk Management Notes:
✅ Watch for a volume-backed breakout above $21.50
🔻 Drop below $19.50 could lead to a retest of $18.00
📈 Monitor RSI & MACD for confirmation post-breakout
🧠 Not financial advice. Do your own research before investing.
