I believe there is a deep correction coming towards $12

$AVAX



Hey Square Fam! 👋 Let’s dive deep into AVAX, uncover what’s happening with holders and trendlines, and explore if a juicy breakout is on the horizon!

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📉 Holder Trends & Trendline Breakdown

Recent analysis shows AVAX has slipped from its long-term ascending trendline—hinting at some weakness in holder confidence. Some metrics suggest a bearish flag or falling wedge pattern in place, warning of either a breakdown toward lower zones like $15–$16 or a bounce from here if trendline support holds.

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🔍 Technical Setups to Watch

1. Falling Wedge Alert!
A tightening falling wedge on daily/weekly charts is emerging—typically a bullish reversal sign. A breakout above ~$18–18.50 could trigger a surge toward $20, then $24–28, and maybe even $50 if momentum builds .

2. Triangle Compression
A long-term symmetrical triangle spanning years is nearing its apex. History tells us late-stage triangle breakouts can bring explosive gains—potentially heading toward $80–220!

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📊 Key Levels & Indicators

Here's a handy snapshot:

Support zones: $18, $16–15, with major breakdown potential if $15 fails

Resistance levels: $18.5–19 near current top; strong resistance ahead around $21–23

**Moving Averages / MACD / RSI:**

AVAX climbed above its 5–20 MA band recently—a bullish nod, though RSI nears overbought, so a modest pullback is possible

MACD crossover supports possible upside

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🌐 On-Chain & Network Insight

Avalanche’s ecosystem has seen a surge in on-chain activity—though address growth cooled off. Caution: rapid declines in daily active users may foreshadow deeper price pullbacks . Still, growing ecosystem use (DeFi, gaming, RWA) reinforces long-term fundamentals .

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✅ Bullish vs Bearish Gameplans

Scenario Bullish (Breakout Path) Bearish (Breakdown Path)

Trigger Break wedge or triangle resistance → hold above ~$18.50-$19 Break below support at $18 then $16–15
Targets $20→$23–28→$50+ (if big breakout) $15 → $12-11 (deep correction)
Key Signal Watch Volume surge + strong candles above resistance RSI/MACD downturn + breakdown below trendline

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🎯 Square Family Playbook

1. Set alerts around wedge resistance → $18.50–19 zone.

2. Buy zone dips near $18 with tight stop beneath $17.50.

3. Scale in if AVAX holds above $19–20 and daily closes confirm strength.

4. Manage targets: Take partial profits near $23–24; consider holding next for $28+.

5. Cut losses decisively if price breaks below $16—risk containment is key!

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🧩 Final Thoughts

AVAX is shaping up for a pivotal move—either a powerful breakout from bullish setups (wedge, triangle) or a cautionary dip if support cracks. On-chain usage remains supportive, but macro factors could swing momentum either way.

Square Family, keep your eyes peeled—this is a classic setup where preparation meets opportunity! Let me know if you want help setting alerts or crafting your entry strategy. Trade smart, stay square! 😊