Is an avalanche imminent? Or is a new round of surging brewing? AVAX is standing at a critical turning point!

As Bitcoin's price fell below $106,000 last week, the overall cryptocurrency market corrected over 3%. AVAX is under short-term pressure, currently reported at $22.44, down nearly 4% for the day. But don't be in a hurry — from technical charts to on-chain data, AVAX may be nurturing a stunning rebound!

Market Overview:

Fully Diluted Valuation: Approximately $10.2 billion

24-Hour Trading Volume: $610 million

Strong Support Level: $22.8 (362,000 addresses hold 21.65 million AVAX)

Current Phase: Critical Point at the End of a Symmetrical Triangle

Why is AVAX worth关注?

1️⃣ Real Value Support: Avalanche network TVL exceeds $1.5 billion, stablecoin market capitalization is nearly $2 billion, daily active users on-chain have surpassed 46,000, with a solid and strong ecological foundation.

2️⃣ Institutions have been lurking for a long time: Major funds including Vaneck and Grayscale are brewing to launch AVAX spot ETF in Beautiful Country, which not only represents recognition but may also bring in massive capital.

3️⃣ On-chain structure is bullish: Since April, AVAX has continued to oscillate upward along a logarithmic rising trend, presenting a standard bullish triangular consolidation, ready to take off.

Short-Term Forecast Path:

If AVAX stabilizes above $25, it will activate a major upward structure, with the first target looking towards $35, and if strong continuation occurs, it may challenge $55!

In summary:

Currently, AVAX is not at a peak, but rather a “cocked gun” momentum before a new cycle — opportunities belong only to the wise who ambush in advance!

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