AVAX at a Critical Support Level: Next Move Incoming

The AVAXUSDT AVAXUSD chart on the 1W timeframe is at a crucial decision point as it tests the $22 support level, a key area where price previously bounced. The strong wick rejections suggest buying interest, but the price remains within this range, meaning a breakdown is still a possibility.

If $22 holds, a long position targeting $38 offers a favorable risk-to-reward ratio of more than 1:3. For confirmation, traders might wait for a swing high formation, followed by a break to the upside, signaling renewed bullish momentum.

However, if $22 fails, the next significant downside target sits at $10, marking a major support zone where buyers could step in for a deeper accumulation phase.

This setup presents both bullish and bearish scenarios, making it a high-stakes area to watch.

👨🏻‍💻💭 Will AVAX defend $22 and push toward $38, or is a drop to $10 on the horizon? Share your thoughts and let’s discuss the next move!
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