$AVAX

AVAX Price Analysis: Rebound or Deep Drop, Key Looks at These Positions!

Brothers, the recent market for AVAX has been a bit 'showy'. After breaking below the 20-day moving average ($47.75) on December 18, it took a sharp plunge. Now it has broken through the 50-day moving average ($41), and this trend is quite fierce!

Bear Trap Alert: Falling below $41 indicates that the previous breakout at $51 may be a 'false move', with bears taking control of the pace. If the price continues to stay below the 50-day moving average, the next target will be $30.6.

Buyer Challenge: Bulls can only 'fight for survival' now, trying to push the price to rebound. But the 20-day moving average ($45.17) ahead is a strong resistance; breaking through here will prove that selling pressure has weakened, otherwise recovery will be increasingly difficult.

Currently, the 20-day moving average is declining, and the RSI is approaching the oversold zone, indicating that bears are temporarily dominant. Bulls need stronger capital support to turn the situation around, but the pressure remains high in the short term.

In summary: Identify the resistance level and act accordingly! This kind of market is the 'home court' for bears, don't counter the trend head-on, be patient and wait for rebound signals before operating to be more prudent!