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Details: ht
#AVAX#
AVAX made a strong rebound from the 20-day moving average ($30.65) on September 22, with bulls once showing great momentum, but on Tuesday, it failed to break through the upper boundary of $36, resulting in a somewhat stalemated short-term trend.
✨ The good news is that the bulls haven't given the bears too many opportunities to take action. The 20-day moving average is still sloping upward, and the RSI is firmly above the midpoint, indicating that the overall trend remains bullish. As long as buyers can keep the price above $36, AVAX is expected to surge towards $39.49, and may even challenge $45.
⚠️ The risk point is that if the price unexpectedly drops below and closes under the 20-day moving average, it indicates that short-term funds are starting to take profits. At that time, AVAX may quickly fall back to $27.38, and the market will shift to a bearish advantage.
📌 Key observation points:
$36: A breakout is needed to confirm the upward movement.
$39.49 & $45: Potential Upside Targets
$30.65 (20-day moving average): The lifeline of the bulls
27.38 USD: Potential risk support below