🚨🚨 $AVAX 🚨🚨
Update: Breakout ?!
If $AVAX doesn't pull off this movement by sometime in April at the latest - I'd call the breakout here a failure.
For me, it's a "MUST" that we see a breakout in the $80 to $90 range in Q1.
We need the JAC and the final SOS candle after first attempt failed to confirm the creek.
Based on my analysis this move has to happen otherwise I would have to invalidate my thesis.
1. Current Position: AVAX is trading around $36-$40, showing recovery from its previous lows. Technical indicators suggest moderate bearish momentum in the short term, with resistance expected near $50【8】【9】.
2. Support Levels: Analysts identify $18-$22 as critical support zones, and falling below $7.60 would signal severe market instability【8】【10】.
3. Market Sentiment: Current recovery aligns with broader market improvements, though volatility remains high【9】.
Mid to Long-Term Forecast:
1. 2025 Projections:
Price Range: Between $66.22 and $84.78, with an average near $69.49, driven by increased adoption and technological upgrades【8】【10】.
Growth Catalysts: Network improvements, such as the Avalanche9000 upgrade, and potential DeFi and Web3 expansion【9】.