$AVAX

AVAX Price Analysis

Recently, AVAX's trend has been somewhat "heart-wrenching." Continuous setbacks without a strong rebound seem to suggest that the bulls are struggling a bit. Next, let's take a look at the strategies of both the bulls and bears!

Bearish Dominance: Testing Key Support Area

Bearish Plan: If the price falls below $33.69, they may accelerate selling, with further targets set at:

$32

$30.7

This area may become a "hunting ground" for short-term bears.

Bullish Counterattack: Defend Support, Compete for Rebound Opportunities

Bullish Plan: If the price can rebound from $35.29 and break through the 20-day moving average ($37), it indicates that demand is starting to increase below. This could potentially drive:

Short-term Target: $42

Once it breaks through $42, the bulls are expected to regain control of the market.

Strategy Suggestion: Keep a close eye on key levels and respond flexibly

Bearish Strategy:

If the price falls below $33.69, short positions can be entered, targeting $32 and $30.7, with a stop-loss suggested above $34.5.

Bullish Strategy:

If the price breaks above $37 and holds, consider entering long positions, targeting $42, with a stop-loss suggested below $36.

Brothers, AVAX is currently at a crucial watershed between bulls and bears. Falling below support may open up greater downside potential, while holding and breaking through resistance may lead to a rebound. Maintain a stable mindset, flexibly adjust strategies, and "act calmly to control movement" is the key!