$AVAX

AVAX Price Analysis

AVAX's recent performance has been somewhat struggling. Although there are signs of recovery, the moving average resistance ahead feels like a wall, and whether the bulls can break through remains a big question mark. Let's discuss short-term strategies!

Bearish Scenario: Break below support, target $33

If the price falls back from the moving average, it indicates that market sentiment is still bearish. The bears may take the opportunity to try and push AVAX below the $35.35 support level. Once the support is broken, the target will aim straight for $33. Friends with short positions shouldn't miss the opportunity to break the level.

Bullish Counterattack: Hold above the moving average, look towards the $50-$56 range

If the bulls can withstand the pressure and push the price above the 20-day moving average ($42.56) and hold it steady, the bears will have to give way. After breaking through, AVAX is expected to challenge the resistance zone between $50 and $56. Cautious friends can wait for a pullback to confirm the moving average before entering long positions for lower risk.

Key Ranges: $42.56 and $35.35

The current area of battle between bulls and bears is very clear. A breakout or breakdown in the short term will determine the direction of AVAX. Brothers, stay calm and don’t rush; wait for the key positions to clarify before acting.

That said, do you favor a bullish breakout or do you think the bears will take the upper hand?