🔍 Current Technical Analysis $AVAX

Current price: around $25.15.

Moving Averages: The price is trading above the major moving averages, indicating bullish momentum.

Relative Strength Index (RSI): around 80%, indicating an overbought condition and a potential short-term correction.

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📈 Support and Resistance Levels

Highest price in 52 weeks: $55.69.

Lowest price in 52 weeks: $14.02.

Major resistance levels:

$25.19 (First resistance).

$26.62 (Second resistance).

$27.60 (Third resistance).

Major support levels:

$22.79 (First support).

$21.80 (Second support).

$20.38 (Third support).

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📊 Price Forecasts until the end of 2025

Forecasts indicate that the price of AVAX could range between $21.40 and $24.00 in 2025, with an average price of around $26.51.

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⚠️ Important Notes

Bullish momentum: The price is trading above the major moving averages, indicating bullish momentum.

Overbought condition: The RSI at high levels may indicate the likelihood of a short-term correction.

Critical levels: The resistance level at $27.38 and the support level at $20.57 are critical levels to watch.