$AVAX

🚨 AVAX has currently dropped to the vicinity of the moving average, looking like it is 'about to fall off a cliff', but it may also be a bottom-fishing opportunity for bulls.

✅ Bullish Scenario: Double Bottom Takeoff?

If AVAX can strongly rebound at the moving average, bulls will likely continue to attempt to break through the key resistance above.

Once it breaks through, it will complete the double bottom pattern, targeting $31.80, equivalent to 'taking off from the spot and becoming the boss'.

❌ Bearish Scenario: Are the Bulls Surrendering?

On the other hand, if AVAX cannot even hold the moving average and breaks below the 50-day moving average ($19.72), it indicates that the bulls are starting to flee.

Next, it will likely fall into a consolidation range, oscillating between $23.50 and $15.27.