AVAX Analysis Update

$AVAX , now ranked 16th on CoinMarketCap, has maintained a downtrend since December 2024. Like other analyzed cryptocurrencies, it has not broken the lower part of its accumulation range. #icp and #dot present a similar technical pattern to AVAX.

In previous analyses, it was mentioned that AVAX's price could test the last low around $22, and a buy order was placed, which has already been filled. It was also mentioned that if AVAX breaks the $18 zone strongly, it would stop accumulating this cryptocurrency. It is important to be careful and not spend all liquidity.

This is my analysis, do your own, and if you are afraid, use stop-loss. We are in the last leg of the decline, with five clear waves. I will place a buy order at the $17 levels in case the price tests that area again. I reiterate, be careful, although this cryptocurrency is in a range, it has been falling for 4 months.
I speculate that in the coming months, AVAX should test the $30 level.