$AVAX

AVAX price analysis: Is the market a trap or an opportunity?

Brothers, AVAX's recent trend is a bit nervous. The sharp drop on December 9 directly hit the price below the 20-day moving average (US$46), making the market sentiment unstable. However, now the bulls have exerted their strength and pulled the price back above the 20-day moving average. Whether it can be stabilized is the key!

Bulls' plan: attack the upper resistance area

If the 20-day moving average can be maintained, AVAX's goal is very clear-to rush to the resistance area of ​​US$51 to US$54. This is a big challenge, but if the breakthrough is successful, the upside space will open up, and brothers can focus on this range.

Short counterattack: waiting for an opportunity to suppress

But then again, if the bulls fail to hold the 20-day moving average, the situation will be a bit dangerous. The bears are watching closely, and once the price turns downward, the target will be the 50-day moving average (39-38 US dollars). In this case, not only will the previous rise be reversed, but it may even be confirmed to be a "bull trap".