AVAX Market Analysis – May 2025
AVAX continues its upward momentum, with no clear sign of a major top yet. The chart structure suggests a possible completion of Wave 3, with a Wave 4 pullback likely to occur soon.
Bullish Scenario (Yellow Count)
We may still see a push towards $29.13 – $30, which would complete the ideal target for Wave 3 (based on the 138% Fibonacci extension).
A short-term extension of the C-wave could lead to 1–2 new highs before the Wave 4 correction begins.
Key Support Levels
$23.40 – Minor support (last swing low)
$21.35 – Critical support; a break below this level could invalidate the current bullish structure.
Entry Strategy
Entry (Long): $23.80 – $24.50 (on confirmation of support in Wave 4)
Stop-Loss: Below $21.30 (invalidates current bullish structure)
Targets:
Target 1: $28.80
Target 2: $29.50
Target 3: $30.00+
Alternative Scenario (Blue Count)
If the price breaks below $21.35, it opens the door to a broader corrective structure (ABC). In this case:
Watch for a Wave A top, and a B-wave pullback.
Stay cautious with long entries until structure confirms.
---
Conclusion: AVAX looks bullish in the short term as long as $21.35 holds. A break above $29 may confirm completion of Wave 3, followed by a healthy Wave 4 correction. Keep your eyes on support levels and avoid chasing if resistance gets hit without a pullback.
$AVAX #AVAX✈️ #MarketAnalysis #CryptoNews #MarketUpdate #trading