AVAX/USDT Potential continuation the upward movement for AVAX!

💎 AVAX has recently shown significant market dynamics, rebounding from the support area, suggesting a potential continuation of its upward movement towards the resistance level around $65.5.

💎 This resistance area corresponds to a previous higher peak, and a breakout above it could pave the way for further gains, the probability of reaching our target supply zone area.

💎 However, if AVAX faces rejection at the resistance area, there's a possibility of a retracement to test the support region between $50 and $47.

💎 When AVAX approaches the support area, it's essential for it to bounce, given the area's significance. Failure to hold this support level could lead to further downward movement, potentially testing lower support areas. If AVAX breaks below this support, along with the trendline support, it would confirm a bearish trend, signaling further downward movement.