Avalanche (AVAX), a prominent cryptocurrency, recently experienced a significant support zone and displayed an upward move, making it the second top gainer of the day. This article aims to highlight the key price levels to watch for AVAX following its notable increase of 12.75% and the crucial support level it found at $12.30. Additionally, potential resistance levels and important support levels will be discussed, considering the coin's upward momentum and possible influencing factors. #AVAX $AVAX #AVALANCHE #TRADE

Price Levels to Watch:

Resistance Levels:

a) $14.60: Once AVAX sustains its upward momentum, this level could serve as an initial resistance point.

b) $16.75: The $16.75 region holds crucial significance as it will determine the coin's further progress. The battle between buyers and sellers may intensify within this critical price range in the short to medium term.

c) $18.50: If AVAX successfully surpasses the $16.75 level, $18.50 becomes the subsequent resistance level to monitor.

d) $20.25: In the event of sustained upward momentum, AVAX could potentially target this level as another resistance point.

Support Levels:

a) $12.60: In case the strength within the AVAX pair weakens or negative news regarding the Avalanche ecosystem emerges, this level may act as an immediate support level.

b) $12.30: AVAX found significant support at this critical level, which led to the recent price increase. If there is a retracement, it is essential to monitor whether this level continues to provide support.

c) $11.80: A further decline in price could bring AVAX to this support level, where buying pressure may emerge.

d) $11.15: If the downward movement continues, $11.15 becomes another level to observe for potential support.

e) $10.00: Breaching the $10.00 level downward might initiate a new wave of selling pressure for AVAX.