#AVAX Technical Analysis in Daily Timeframe

17. Juli

Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

AVAX is at the tip of the resistance trendline and the 50EMA. A breakout above the current resistance at $29.3 will possibly establish a bullish trend for AVAX. On the other hand, a rejection can be considered a good buyback opportunity in the range of $24.32 to $25.88.

Key Observations:

- Primary Resistance: $29.3.
- Target Range: $41, $50, $58, $65.
- Support: $24.32 to $25.88.

Conclusion: Wait for the daily close to confirm a breakout or rejection pattern.

DYOR, NFA.

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