📈 Analysis and Prediction (AVAX and IMX):

👍#AVAX/USDT - The weekly timeframe shows that AVAX's price increased after bouncing back on January 22. The upward movement confirmed the critical horizontal area as support. Previously, this area had acted as resistance since May 2022. #Avalanche formed a bullish weekly candle, catalyzing the current growth. However, the price failed to break above the 2023 high. Forecast: The daily chart does not confirm the direction of Avalanche's future trend due to ambiguous price dynamics. On the daily chart, it is evident that the price rise since January 22 is contained within an ascending parallel channel. Such channels usually contain corrective movements. On February 10, the channel's resistance trendline caused a price rebound (red marker). Additionally, this rebound coincided with the $40 resistance area. Meanwhile, the daily RSI shows bullish signals, moving above the 50 mark and entering bullish territory. With these mixed signals, the price behavior around $40 will be crucial in determining the direction of the future trend. A successful bullish breakthrough could trigger a 23% rise in #AVAX to the 2023 high at $50.

🔍 #IMX/USDT - Cryptocurrency traders and analysts are positive about the currency's future trend. Forecast: The daily timeframe supports the ongoing upward movement. According to Elliott Wave analysis results, the most likely scenario suggests that the price is in the fifth and final wave of the bullish structure. The daily RSI also supports growth, being above 50 and moving upward. Additionally, the price has broken through the horizontal resistance area at $2.45. If #IMX continues to rise, it will reach the next horizontal resistance at $4, coinciding with the 2.61 Fibonacci level of the external correction of the fourth wave. This would mean a 35% increase from the current price.

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