Currently, AVAX is demonstrating consolidation near a weak local minimum — the $17.87 level. The price is forming a base just above the demand zone, which could be a starting point for a rebound.
☑️ A rebound from the $18.5–17.0 zone with an exit above $21.71 and consolidation in the $22.49 zone will open the way to strong resistance at $23.5–24.5, and with an impulse breakout — to a local high at $26+.
☑️ With buyers' weakness and a false breakout of $18, a return to the $17 level and subsequent low update with a target in the $17.0–17.5 zone is possible.
🔍 Levels to watch: Resistance: $21.71 / $22.49 Bulls' target: $23.5–24.5 and $26+ Support: $17.5–18.0
📌 Accumulation is underway, and the decision is behind the nearest candles. We are watching the reaction at $21.7 and $18.5 - that's where the impulse will hide.