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AVAX: Is a quick return to $36 expected?
Hello, crypto family! Let’s take a look at AVAX, which many are wondering about: "When will we see $36 again?"
Current picture:
· Price: ~$18.85
· Trend: The overall downward trend continues.
· Key level: Struggling to stay above the support at $18.30.
What do the indicators say?
· MACD: Almost at zero. No strength from the bears, nor a strong charge from the bulls. We are stagnating.
· Volumes: Extremely low. Whale activity is absent, indicating a lack of interest in a sharp price movement right now.
Can AVAX quickly soar to $36?
Short answer: No, this is highly unlikely.
Such a jump would require an increase of more than 90%. And for that, the following are needed:
1. Explosive buying volume, which is currently missing.
2. A strong bullish impulse across the entire market.
3. Overcoming resistance layers on the way to the target, the first of which is already at $30.
Conclusion:
AVAX is currently in a phase of accumulation and consolidation. A rapid return to $36 is not expected. A more realistic scenario is a slow and challenging recovery with initial serious targets around $25-30, but only if the overall market situation improves.
Levels to watch:
▶️ Resistance: $20.50 -> $36 -> $23 🛑 Support: $18.30 -> $17.40
Trading idea: As long as the price has not settled above $20.50 with high volume, a sideways and downward trend dominates. Be cautious with longs expecting an instant surge.