Yello, Paradisers! Is this the moment #AVAX finally makes its comeback after months of struggle? Let’s break down the # Avalanche's latest analysis:
💎After 4-5 months of a downtrend, #AVAXUSDT has managed to break out of a Descending Channel, thanks to strong support at $22.82. This could be the much-needed turning point, but we’re not out of the woods just yet.
💎For this rally to truly gain steam, #AVAX needs to clear the resistance zone at $30.50-$32.80, which was previously support. If it breaks above this level, we could see a stronger push toward the next major resistance, backed by increasing volume and the 20EMA, signaling that bulls might be in control.
💎If momentum fades, watch for a pullback to retest the breakout zone near $22.82. A failure to hold this support could send #AVAX back toward the lower demand zone at $20.47.
💎A break below $20.47 would hand control back to the bears, likely leading to a deeper correction and wiping out any hopes of a bullish recovery in the short term.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴