$AVAX
AVAX price analysis: Can bulls hit $60?
Brothers, the recent trend of AVAX can be said to be full of twists and turns! The strong rebound from $40.40 on December 9th shows that low-level buying is very active, but bulls are now facing pressure at $56. Next, we need to pay attention to several key points.
Bulls vs. Bears: $50 becomes the key battlefield
Current situation: AVAX is close to the resistance level of $56, but if the price stabilizes and does not fall below $50, the hope of a breakthrough will be greater.
Potential target price: Once it breaks through $56, AVAX is expected to rush to $60, and even further test the high of $65.
Risk of callback: The $50 support cannot be lost
Downside risk: If AVAX falls below $50, it will indicate that high-level demand is weakened and the market may turn weak in the short term.
Key support level:
The first focus is the 20-day moving average ($47.6), which is the first line of defense for bulls.
If the 20-day moving average is lost, AVAX may further pull back to the 50-day moving average ($41).
Operational advice: Seek victory in stability, and see opportunities at key support
Short-term strategy:
If the price holds $50, the probability of a strong rebound by bulls is high. You can enter the market at $51-52, with a target of $56. After breaking through, you can continue to raise the target to $60 or higher.
The stop loss is set at $49 to prevent losses from further pullbacks.
Medium- and long-term strategy:
If AVAX pulls back and approaches $47.6 (20-day moving average), this is a good opportunity to buy low. After the layout on the dip, you can hold it patiently and wait for the next round of rise.
AVAX's current bullish trend is still dominant, but whether it can break through $56 is the key. Brothers, the core of this wave of operations is "guard $50, look at $56, and rush $60." If you don’t have the patience to chase high prices, just wait for the opportunity to buy low in the 47-48 USD range. AVAX may bring a surprise! Keep calm and do it! 🚀
