Avalanche (AVAX) has staged a sharp 53% rally since March 11, recovering from a painful 72% drop earlier this year. But as the price stalls near the $22 resistance zone, technical indicators are now flashing red.
■ Key Highlights
| Item | Details |
|---|---|
| Rally Size | +53% since March 11 |
| Recent High | $23.40 |
| Current Level | ~$21.80 |
| Key Support | $20 |
| Key Resistance | $22 and $30 (MA & EMA convergence) |
■ TD Sequential: “Caution Ahead”
Top analyst Ali Martinez has pointed out that the TD Sequential indicator, which correctly signaled the bottom, is now issuing a sell signal.
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This could imply a short-term correction or consolidation phase.
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The $20 support level is critical — if broken, AVAX may drop toward $17.
■ Bulls vs. Bears: The Market at a Crossroads
✔ Bullish Outlook
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A break above $22 could pave the way to $30.
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Sustained support at $20 = confidence in a continued uptrend.
✔ Bearish Risks
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Macroeconomic factors: Trade war tensions, risk-off mood.
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Failure to hold $20 could trigger a deeper correction to $17.
■ Investor Insights
• If holding AVAX: Watch the $20 level closely.
• If buying on dips: Wait for a clean bounce or consolidation above $20.
• If short-term trading: TD Sequential warning means caution is key.
§ Summary
“AVAX is showing strength, but the battle at $22 is far from over. Will bulls push it past, or will bears take back control?”