AVAXUSDT, IMPORTANT SUPPORT WEEKLY?

📊 AVAX/USDT – Weekly Analysis
🔥 Avalanche (AVAX) is currently at a critical support zone!

On the weekly timeframe, we can see that AVAX has been rejected from the $53.55 resistance, which was a key historical level. The price failed to break this zone, leading to a significant correction. Now, AVAX is testing an important support range between $24.60 – $20.12.

🔍 Key Observations:
📉 Bearish Structure: AVAX has formed lower highs, indicating weakness in the trend.
🔵 Moving Averages: The 30.04 (SMA) and 32.88 (SMA) are acting as resistance levels.
💹 RSI at 42.01: The RSI is near neutral territory but leaning towards oversold conditions, suggesting a potential reversal if momentum shifts.
📈 Potential Scenarios:
✅ Bullish Case: If AVAX holds above $24.60 and reclaims $30.04, we could see a retest of the $32.88 - $35.00 resistance zone. A breakout above $53.55 would confirm a long-term bullish continuation.
❌ Bearish Case: A breakdown below $20.12 could trigger a deeper decline toward the next major support at $15.00 - $17.00.

🔔 Final Thoughts:
For now, AVAX is at a make-or-break level. Traders should watch for confirmation signals and volume spikes before entering new positions. A strong bounce from support could present a buying opportunity, while a breakdown may lead to further downside.

What’s your take on AVAX? Share your thoughts below! 👇🔥

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