Key highlights:
- The AVAX price is trading near $6.42-$6.48, with $6.00 remaining the key support level
- Analyst says similar AVAX chart structures preceded major rallies in 2020, 2021, and 2024
- AVAX is still below its 100-period moving average near $6.54, keeping short-term momentum under pressure
, the price is projected to reach $6.16, indicating relatively limited short-term upside from current levels unless buyers can reclaim the $6.54-$7.00 resistance zone.
Source:: This Avalanche (AVAX) Pattern Has Worked Every Time Before – Is a Rally About to Begin?
