AVAXUSDT → Distribution of 8-month accumulation

anteontem

AVAXUSDT is testing the resistance of an 8-month consolidation. The market is showing positive signs that may indicate a possible rally...



Bitcoin looks positive. If the flagship can overcome the upcoming 113K mark, BTC's growth could support altcoins, including Avalanche.
AVAX has been consolidating for 8 months, and in the last few weeks, we have seen a directed movement towards strong resistance. Another retest led to a breakout, and if the bulls hold their defense above 25.9 - 26.5, a fairly active phase of realization towards 30.6 may begin.

Resistance levels: 26.550
Support levels: 25.97, 24.88

I do not rule out the possibility of a retest of the local support and liquidity zone, but a return to the zone of interest (above 25.97 - 26.55) and consolidation above the specified border could provoke a distribution towards 30.0 - 45.0.

Best regards, R. Linda!

ontem

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