AVAX displays growing signs of upside movement as its price continues to descend within a bearing downtrend.
Current Market Data
As of the latest market data, AVAX is trading at $22.03, reflecting a modest increase of 0.8% in the last 24 hours. The price movement remains stable between $21.25 and $22.07, signaling a breakout from previous constraints.
Key Support and Resistance Levels
The latest price low at $21.25 functions as an immediate support wall for AVAX. The resistance area lies at $24 since this level has repeatedly obstructed rising price activity. After $30, the next price target emerges for AVAX is $53.63.
Market Implications and Future Trends
The descending wedge pattern breakout indicates a potential conclusion to bearish market conditions. Recent market interest coincides with AVAX’s movement, suggesting a possible move toward $30 if key support zones are maintained.
Current market dynamics suggest AVAX could position itself for significant price movement in the near future.
