📊Current situation (price: $23.74)
✅Technical indicators:
EMA(8) = $23.98 above the current price (bearish signal for the short term).
EMA(13) = $23.40, EMA(23) = $22.33, EMA(55) = $21.17 — bullish order of averages, but the current price is consolidating near EMA(8) and (13).
Supports: $23.68, $22.13, $21.12, $19.90
Resistances: $24.77, $26.73, $27.28
Trading volumes remain high but are slightly decreasing — buyer fatigue is possible.
📉Oscillators (below):
Stochastic RSI: K=57.89, D=70.86, J=31.97 — exiting the overbought zone, signaling caution or the beginning of a correction
📈Forecast for the upcoming week (until August 1, 2025):
A correction or consolidation is expected in the range:
$22.50 – $24.50, with potential short-term decline to the $22.13 – $21.12 zone.
If it holds above EMA(23) $22.33, possible retesting of $24.77.
📍 Key zone for buying on a pullback: $21.50–22.50
📍 Target for profit taking: $24.50–25.50
📆Forecast for the month (until August 25, 2025):
If there are no strong macro negatives:
☑️ Bullish scenario:
Holding above $21.12 → movement into the $26.73–27.28 zone
A breakout above $27.50 is possible with a target of $29–30 in case of overall market growth and good news for AVAX.
❌ Bearish scenario:
Breakdown below $21.00 → drop into the $19.50–18.50 zone
Below $18.50 — signal for a prolonged pullback.
🔥 Conclusion:
Short-term (week): cautious correction or sideways movement is expected.
Medium-term (month): possibility of growth remains if the $21.00 level holds as support.
Recommended strategy: do not buy at the current peak ($23.74), wait for a pullback to $22.0–21.5 for a safer entry. Potential profit: up to +20% with a target of $27.
⚠️ Disclaimer:
The forecast is based on 'technical analysis' and is not a financial recommendation. DYOR — Do Your Own Research. Always consider all possible risks.
