$AVAX

AVAX market analysis: Long-short decisive battle, key points can not be missed!

Brothers, AVAX has been on a roller coaster recently. The bears have fought back strongly and pushed the price back below $51! How will the long-short battle develop next? Let's take a look at the key points and operation strategies.

Short control: Breaking through key support?

If the price continues to be below $50, the bears may take advantage of the situation and target the 20-day moving average ($46).

If it falls below $46, AVAX may enter a deep correction and may test the support zone of $38-35.

Bulls fight back: Can they regain the initiative?

If AVAX can rebound strongly from the 20-day moving average ($46), it shows that the market is still active in bargain hunting.

Target 1: $55

If the bulls break through the $5 resistance level, it is expected to further hit $61 or even $65.