$AVAX Recently, the upward trend has been very good. When can we challenge forty dollars?
📊 Trend Analysis
Main Trend: Bullish明显
The price has risen from $14.6, with consecutive bullish days, having broken through the previous high range and entered an accelerated upward phase.
Current Price: $34.14
Approaching the daily high of $35.8, which is relatively high for the short term.
Moving Average Situation: Bullish Arrangement
MA7, MA25, MA99 are all pointing upwards, and the price is far above the moving averages, indicating strong short-term momentum.
📈 Volume Observation
Recent trading volume has continued to expand, indicating sustained capital inflow.
Recent large bullish candles indicate that the rise is supported by real buying activity, not just a speculative increase.
⚠️ Risk Warning
Short-term Overbuying: After consecutive increases, the daily chart may show a pullback or consolidation to digest the gains.
Resistance Level: Around $35.8 is the high point for this phase; if it cannot break through effectively, it may retest the $32-33 region for support.
🔑 Key Price Levels Reference
Support Level: $32.0 – $32.8 (near the daily moving average)
Resistance Level: $35.8, if broken, there is a chance to challenge $38 or even $40.