AVAX/USDT Weekly Reversal Zone — Major Support Holding

🟨 CRITICAL ZONE (Key Support Area)

AVAX is currently trading within a major demand zone between $13.5–17.5, a historically strong support area that previously acted as the base for significant upward movements. Multiple weekly candles show rejection from this level, indicating buyer interest.

📊 Pattern Overview:

Double Bottom / Potential Triple Bottom:
The chart illustrates a clear double bottom structure, potentially forming a triple bottom, suggesting accumulation and reversal from the lows.

Bullish Projection Path:
The yellow arrow outlines a projected bullish impulse wave, targeting higher resistance levels if support holds.


📈 Bullish Scenario:

If AVAX maintains support at around $17.1:

1. Price may first test $20.25 (initial resistance).

2. A breakout above $20.25 could open the way to:

$24.98 (strong weekly resistance)

$32.75 (previous distribution zone)

$55.42 (major target/resistance zone)

3. In an extended bullish cycle, price could revisit:

$98.87, $110, and even $128.62 long term (2026+)

A confirmed breakout above $25 with strong volume would further validate the bullish case.


📉 Bearish Scenario:

If the $15–17 support zone breaks down:

1. Price could drop further to:

$11.00 (minor support)

$8.61 (historical low and weekly support)

2. This would indicate strong bearish pressure, potentially leading AVAX into a longer-term accumulation phase.


🔍 Conclusion:

This is a critical decision zone for AVAX. The technical structure shows signs of accumulation and possible trend reversal. However, if support fails, a deeper retracement could occur. Traders should watch this area closely for breakout or breakdown confirmations.

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