🚀 $AVAX Is Back in the Spotlight — Here's How to Trade It Right Now
Avalanche is making a push. With price hovering around $29.10, everything depends on whether bulls can force a clean breakout or bears drag it back. Here’s the updated game plan:
🔧 Trade Setup (Revised):
Entry Zone: $28.20 – $29.50
Targets: $32.18 | $34.00 | $36.50
Stop Loss: $27.50
📈 Why This Setup Makes Sense
1️⃣ Resistance in View
AVAX is bumping into a supply wall around $32.18, with heavier resistance beyond in the $34–$36.5 range. A sustained push past $32.18 would open room for deeper upside.
2️⃣ Support Floors Matter
The first key support lies near $27.40. Below that, $25–$25.80 becomes a danger zone. If $27.50 breaks, the trade setup weakens.
3️⃣ Macro Risks & Catalysts
If AVAX fails to hold above $29–$30 and breaks down, we might revisit $23.6 as per some macro forecasts.
But there’s bullish fuel too: Avalanche’s plan to raise $1B for treasury purchases of AVAX is a strong tailwind.
4️⃣ Volume/Confirmation Needed
Don’t jump early. Wait for a strong close above $32.18 with volume. That’s your confirmation.
✅ TL;DR
AVAX is in a high-stakes zone. If bulls win $32.18, targets extend into the mid-$30s. But failure to hold $27.50 could trigger a deeper pullback.
👉 What’s your play? Are you riding the long from ~$29, waiting for $32.18 confirmation, or staying out? Drop your view.