Current Price: $22.50 (down -4.71%)
Main Resistance: $43.17 – $48.03 (Upper Bollinger Band and previous consolidation area)
Main Support: $10.78 (Lower Bollinger Band)
STOCH RSI: 14.40 → Deep in the oversold zone, weak bounce signals
MACD: Bearish histogram, MACD line below signal → trend is still downward
Volume: Flat and low – no strong buy pressure
🔍 Conclusion:
AVAX remains in a long-term accumulation phase after dropping from $148 to under $30.
If AVAX fails to hold above $20, it may retest support around $10–$12.
To trigger a true bullish reversal, price must break above $30 and close monthly above MA5 & MA10.
💡 Strategy:
Long-term investors: Consider gradual accumulation if price dips near $15–$18.
Short-term traders: Wait for monthly candle confirmation or strong bounce from support.