Yello, Paradisers! Could #AVAX be gearing up for a massive rally, or are we on the verge of a bearish breakdown? Let’s dive into the latest #AVAXUSDT analysis:

💎#Avalanche has been trading within a Falling Wedge formation, a classic bullish reversal pattern, over the past several months. After breaking out of this wedge, #AVAX has shown signs of bullish momentum but remains capped by key resistance zones.

💎The immediate hurdle lies at the $52–$55 Supply Zone. A decisive daily close above this level would confirm bullish strength, paving the way for a strong rally toward the next major resistance at $75–$80. Breaking into this zone could attract significant buying pressure, potentially propelling #AVAXUSD higher over the medium term.

💎On the downside, key support rests at the $30–$34 region, which also acts as a strong support zone. If this region also fails then it can go to retest the demand zone at $24.18. The bullish case remains intact as long as #AVAX holds above this zone.  

💎A close below $24.18 would shift the narrative to bearish. This could open the door for a deeper correction and signal a lack of demand in the market. Traders should remain cautious and watch these levels closely for clues about the next significant move.

Stay focused, patient, and disciplined, Paradisers

🥂

     MyCryptoParadise
iFeel the success

🌴