đ¨ Is $AVAX ready for liftoff? Letâs break it down đ
After crashing over 70%, AVAX might finally be gearing up for a strong bounce. đ We're seeing a 169% jump in whale-sized transactions â and thatâs not something to ignore. đ
On-chain data shows massive interest from big players, just as AVAX broke out of a key bearish pattern. It's currently flirting with the $20 zone, but if it pushes above $21, we could be looking at a clean move toward $25.15, and maybe even $31.40 if momentum keeps up. đ
Technicals on both the daily and weekly charts are aligning:
âď¸ Cup & handle pattern forming
âď¸ Bullish engulfing candle on the retest
âď¸ RSI around 56 â not overbought yet
đŤ Still under the 200 EMA, so weâre not out of the woods
This is a make-or-break moment. No breakout above $21? Then the rally could fizzle. But if it does? We might be early to something big. âł
Stay sharp, fam. Donât ape, just analyze. đźđ
