Avalanche ($AVAX) The next wave of the market is about to be revealed - will it hit $30 or retrace to $20? The key turning point is approaching!
The current market is volatile, Bitcoin is stagnant, and altcoins are in a tug-of-war phase. AVAX has also slightly pulled back from this month's high of $26.88, entering a critical window for technical competition.
Short-term bearish?
The price is testing the strong support area at $22.75; if it fails to hold, it may drop to $21.45. But as long as it doesn't break the lower trend line, there is still hope for a second upward attack!
Long-term bullish!
Avalanche's high-speed subnet is gradually becoming operational, on-chain activity continues to rise, and with ecological growth, funds remain highly optimistic about AVAX.
In terms of technical signals:
The Gaussian channel still leans bullish,
The MACD is somewhat weak but has not fully crossed down,
Once it breaks through $30 with volume, it is very likely to restart the main upward wave, aiming directly at $50!
Brothers, don't ignore: the main funds will not wait for everyone to understand before starting to pump the market.
Currently, it is a typical 'accumulation and consolidation period' for AVAX; the volatility is meant to flush out weak hands, and real opportunities often arise in moments of hesitation.
