AVAX/USDT Weekly Reversal Zone — Major Support Holding
🟨 CRITICAL ZONE (Key Support Area)
AVAX is currently trading within a major demand zone between $13.5–17.5, a historically strong support area that previously acted as the base for significant upward movements. Multiple weekly candles show rejection from this level, indicating buyer interest.
📊 Pattern Overview:
Double Bottom / Potential Triple Bottom:
The chart illustrates a clear double bottom structure, potentially forming a triple bottom, suggesting accumulation and reversal from the lows.
Bullish Projection Path:
The yellow arrow outlines a projected bullish impulse wave, targeting higher resistance levels if support holds.
📈 Bullish Scenario:
If AVAX maintains support at around $17.1:
1. Price may first test $20.25 (initial resistance).
2. A breakout above $20.25 could open the way to:
$24.98 (strong weekly resistance)
$32.75 (previous distribution zone)
$55.42 (major target/resistance zone)
3. In an extended bullish cycle, price could revisit:
$98.87, $110, and even $128.62 long term (2026+)
A confirmed breakout above $25 with strong volume would further validate the bullish case.
📉 Bearish Scenario:
If the $15–17 support zone breaks down:
1. Price could drop further to:
$11.00 (minor support)
$8.61 (historical low and weekly support)
2. This would indicate strong bearish pressure, potentially leading AVAX into a longer-term accumulation phase.
🔍 Conclusion:
This is a critical decision zone for AVAX. The technical structure shows signs of accumulation and possible trend reversal. However, if support fails, a deeper retracement could occur. Traders should watch this area closely for breakout or breakdown confirmations.
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