AVAX Balloon Map: Is a New Bull Wave Coming?

During the 2021 bull market, while the AVAX price was heading towards the $100 level, red overheating bubbles were seen intensely, followed by a sharp correction.

In the 2022–2023 bear market, gray and green-dominated areas prevailed for a long time, with the price searching for a bottom in the $10–20 range.

At the beginning of 2024, the price peaked around $60 again with intense red areas and then corrected.

Recent Period: The chart shows smaller red and gray bubbles, meaning the market is not overheated, but futures interest is still alive.

Short Term: There is a high probability of stabilization in the $20–30 range. The absence of large red bubbles indicates that the price has not yet become excessively inflated.

Medium Term: If green areas increase, this would mean a healthier consolidation process for spot purchases. In this case, it is likely that the price will rise again to the $35–40 region.

Long Term: Looking at historical patterns, AVAX has experienced significant corrections after every “overheating” period. Therefore, in a new bull season, the price may retest the $60–80 range, but to be sustainable, it should be supported by more spot demand instead of excessive futures trading volume.

The metric allows tracking speculative intensity in futures alongside the price. Currently, the AVAX market is not overheated, which increases the likelihood of a healthier recovery. Short-term fluctuations in the $20–30 range, a medium-term target of $35–40, and a long-term bullish scenario potential in the $60–80 range stand out. $AVAX #AVAX