๐ Technical Analysis Overview
1. TradingView Indicators: On TradingView, the AVAX/USDT pair shows a neutral signal across various timeframes, indicating a balance between buying and selling pressures.
2. Investing.com Summary: Investing.com's technical analysis for AVAX/$USDC
on Binance suggests a strong sell signal. This is based on moving averages and technical indicators, with 11 out of 12 moving averages and 6 out of 9 technical indicators signaling a sell.
3. Bitget Analysis: Bitget's 1-day technical ratings for AVAX indicate a neutral stance. Among the indicators, there are 8 sell signals, 9 buy signals, and 8 neutral.
---
๐ Price Predictions
Short-Term Forecast: According to CoinCodex, AVAX is expected to experience a positive trend in the coming months. For July 2025, the forecasted price range is between $23.82 and $25.45, with an average monthly price of $24.41. By August 2025, the price could rise to a range between $23.62 and $28.62, averaging $26.25.
Long-Term Outlook: Changelly's projections for 2030 estimate an average AVAX price of around $187.98, with potential highs reaching $216.16.
---
๐ Chart Patterns & Market Sentiment
Recent analyses on TradingView highlight that $AVAX has broken out of a multi-month range between approximately $15 and $24, now retesting the former range high as supportโa textbook bullish move. The next significant resistance level is around the $29โ$30 zone, aligning with the 200-day moving average.
---
โ Summary
Current Price: ~$23.27 USD
Short-Term Trend: Neutral to Bearish
Long-Term Outlook: Bullish
Key Resistance Levels: $25.78, $29โ$30
Key Support Levels: $22.10, $19.23
While short-term indicators suggest caution, the long-term projections for $AVAX remain optimistic. Traders should monitor key support and resistance levels and consider broader market trends when making decisions.
If you need further detail
s or specific analyses, feel free to ask!
