$AVAX

AVAX Price Analysis: Key Support About to be Revealed, Can Buyers Turn the Tide?

Brothers, AVAX's recent performance has been a bit weak! The price has fallen below the 20-day moving average (47.71 USD), indicating that buyer demand is clearly insufficient, and market sentiment leans towards the bears. The 50-day moving average (40 USD) is a very critical support point.

If the 50-day moving average is lost, it can essentially confirm that the previous breakout above 51 USD was a 'bull trap'. Next, AVAX may enter a larger downward space, facing further pressure in the short term.

However, if AVAX strongly stabilizes and rebounds near the 50-day moving average, it will be worth paying attention to! As long as it can stay above the 20-day moving average, it indicates that capital is entering at lower levels. Subsequently, bulls may likely launch a counterattack, pushing the price towards the resistance zones of 51 USD and even 55 USD. If this rebound is strong enough, breaking above 55 USD, the target will directly look towards 65 USD.

Keep a close eye on the performance of the 50-day moving average. If the support holds, consider buying low to bet on a rebound; but once it falls below, it’s better to be cautious and wait, don’t easily try to catch the bottom and get trapped. Market rhythm is very important; staying steady is the way to win!