$AVAX

AVAX price analysis

Brothers, AVAX has been fighting fiercely with bulls and bears recently, and key points are testing market sentiment one after another! On December 15, the 20-day moving average ($48) was held, but on December 16, the bulls failed to withstand the pressure of $50.78 and were pressed down by the bears again. The current situation is - can the bulls pull back, and should the bears take advantage of the situation?

Opportunity for bears: Fall below $48?

The bears are now eyeing the 20-day moving average ($48) as a defense line, trying to completely suppress AVAX. If successful, the price may go all the way down to the 50-day moving average ($41.55). Brothers, this is the last "fortress" of the bulls. If it can't be defended, the short-term trend may be downward.

Bulls' counterattack: Break through $50.78!

If the bulls want to stabilize the situation, they must pull the price back above $50.78 as soon as possible, which will send a strong signal: low-level buying is returning!

After breaking through $50.78, AVAX will have the opportunity to rush to the strong resistance of $55.82, or even further challenge $65, when the short pressure will be great!

Wait and see in the range:

Between $48 and $50.78, the market may still fluctuate and consolidate. Brothers, don't rush to enter the market, wait for a breakthrough or a break before taking action.

Be patient and wait for the breakthrough signal, grasp it and then get on the train, take steady steps, don't rush to send warmth!