AVAX Coin has the potential to rise to $55 after breaking the $41 level; however, a drop below $29.25 could increase the risk. On the other hand, although SHIBA Coin has found stability at the support trend line, there is a possibility that the price could fall to $0.0000070 in the event of a potential breakout. According to technical analysis, decisive moves are expected for both altcoins in the coming weeks.

Status of AVAX Coin
AVAX found support at $33 and is consolidating in a bearish wedge formation. On the daily chart, a break above $41 could trigger an increase towards the $47-$55 band. While the RSI has not yet determined a clear direction, exceeding the $36-$37 range could be considered the beginning of an increase. The most critical level for AVAX is $29.25; a close below this level could invalidate the current structure. However, technical indicators offer an optimistic perspective on the $53-$55 target. In particular, the impulsive movements seen on the hourly charts increase the possibility of testing the $42-$44 region in the short term.

Status of SHIBA Coin
SHIBA has fallen to $0.0000172, touching the 176-day uptrend line. This area has triggered recoveries many times in the past. However, despite the bullish divergences in the RSI and MACD indicators, the wave count is pointing lower. $0.0000245 could be the first resistance point for a potential recovery. Technical analysis suggests that SHIBA is in the final stages of an A-B-C correction structure. The Fibonacci resistance at $0.0000271 could bring new lows after a temporary rise. The support area at $0.0000070 is critical in long-term bearish scenarios. Traders should be prepared for additional losses if the trend line breaks.

Latest Situation
According to the latest data, AVAX Coin is trading at $33.85, up 0.82% in the last 24 hours, while SHIBA Coin is up 4.57% to $0.00001877. Technical signals for both altcoins suggest that decisive moves will be made in the coming weeks.