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#GateSquareMayTradingShare
$AVAX 9.51AVAX/USDT-0.67% Historical Bottom and Reversal Signal
On the AVAX chart, we have once again reached that famous major support line I previously highlighted. This zone is known as the most critical threshold, where the price consistently finds strong buyers and gains upward momentum.
From a technical perspective, here is how I am tracking the process:
Support Zone: The $9.44 level is our main fortress. If this line breaks downward, we can expect a breakdown in the technical outlook.
Target 1: Once the descending trend is broken to the upside, the first stop will be the $56.13 level.
Target 2: If the rally continues, my primary technical expectation is the $67.87 zone.
As long as we stay above this support line—where major rallies have historically begun—the technical direction continues to look upward.
Do you think this support will once again be the starting point for the expected rally? 👇
#GateSquareMayTradingShare