The AVAX

The AVAX price is triaging on the support zone (Green) at $28.80–$29.95. After a long period of time, the price of AVAX broke out of the descending trend line, trading under the trend line for approximately 123 days.

The resistance zone (Green) has now become a support. This support zone (Green) has already been respected several times. If the price of AVAX keeps its momentum above this level, there is a significant chance of a strong upward surge to the next resistance zone (Pink) at $41.28 — $42.25.

We might see a short-term pullback when the price reaches the resistance zone (Pink) because this acted as a strong resistance zone previously many times. After the breakout from this Pink zone, we might see the price to the next resistance zone (Blue) at $49.59 — $52.88.

If the price fails to hold the support zone (green), it could test the trend line and the last support zone (yellow) at $23.77 — $24.48 as seen on the chart. A breach below this support zone (Yellow) is expected to result in a bearish trend, pushing the price even lower.