AVAX experienced a significant decline yesterday, and judging from the daily trend, it has entered a large fluctuation range.
From a technical perspective, there is still the possibility of further market adjustments in the short term, especially the downward repair trend. The key support level below is located in the 22 to 25 range.
If a bottom reversal pattern occurs within this range, which is the so-called "bottom tying", then the possibility of price appreciation will increase. The market is expected to continue to be volatile in the future.
Currently, the price of AVAX is at $28.74. For investors who want to enter the market, they can consider entering the market in spot form. Once the price stabilizes and breaks through $30, the upward trend is deemed established and additional investment can continue. For investors who choose contract trading, it is also recommended to participate with lighter positions, consistent with the spot strategy.
