AVAX is showing strong bullish momentum as we round out the year. The price is currently targeting $47.30 (1.618 Fibonacci extension) for Wave (3), with further potential to reach $62.66. These levels also correlate with critical historical highs
The RSI suggests there’s still room for upside before entering overbought conditions, providing a window for bullish continuation. Keep an eye on volume and RSI divergence as prices approach historical resistance zones like $47 and $62, which could signal exhaustion or a corrective phase.
If bullish momentum persists, AVAX could reclaim levels not seen since its November 2021 high around $146, though this would depend on broader market conditions and sustained macro recovery. For now, $62 remains the critical mid-term target for this impulse wave.
- 45-$51 Zone: Significant resistance from late 2022, where previous price rejections occurred. Breaking above this would confirm a major trend reversal.
- $62-$65 Zone: This aligns with the peak from early 2022, just before the broader market downturn, making it a psychologically critical level.
The RSI suggests there’s still room for upside before entering overbought conditions, providing a window for bullish continuation. Keep an eye on volume and RSI divergence as prices approach historical resistance zones like $47 and $62, which could signal exhaustion or a corrective phase.
If bullish momentum persists, AVAX could reclaim levels not seen since its November 2021 high around $146, though this would depend on broader market conditions and sustained macro recovery. For now, $62 remains the critical mid-term target for this impulse wave.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.