🚨 AVAX at the Crossroads: Breakout or Breakdown? 🔥📉📈
🔹 Current Price: $25.00 USDT
AVAX is hovering near critical levels on the weekly chart, following months of consolidation. The next few candles could define the mid-term trend — are bulls ready, or will bears take over?
🔍 Chart Highlights
📉 Long-Term Downtrend from 2021 highs finally losing momentum.
⏸️ Consolidation Zone from late 2022 to mid-2024.
✅ "Positive Retest" forming near $28.52 – $32.00 USDT, hinting bullish potential.
🔕 Low Volume during range = indecision.
🛑 Resistance Levels
$28.52 USDT – Immediate test level. Bulls must reclaim it! 🔐
$32.00 USDT – The top of the "Positive Retest" zone. Strong resistance. 🧱
$60.44 USDT – Key macro resistance zone. A breakout here would flip the script. 🚀
$98.00 – $106.00 USDT – Historic supply zone. Long-term target. 🎯
🛡️ Support Levels
$24.67 USDT – Immediate support. Price is dancing on it. ⚠️
$22.48 USDT – Multi-touch support. Vital for bulls to hold. 🚨
$17.69 USDT – Strong historical demand zone. A breakdown magnet if weakness continues. 🕳️
📊 Potential Scenarios
✅ Bullish Breakout:
Break above $28.52 – $32.00 USDT = 🚀 signal.
Target: $60.44 USDT 🥇, then eyes on $98 – $106 USDT for the long-term flip.
Confirmation = weekly close above $32.00 + rising volume. 📈
⚠️ Bearish Breakdown:
Failure to hold $24.67 or $22.48 = 👎
Target: $17.69 USDT, possibly prolonged sideways or deeper retrace.
Breakdown confirmation = high volume close below $22.48. ❗
👁️ Key Watchpoints
🔍 Battle Zone: $28.52 – $32.00 🧠
🧱 Support Line: $24.67 / $22.48 🔴
📉 Volume Surge = Real move confirmation 💥
🕯️ Weekly Candle Close = Deal maker or breaker 🧾