Is Avalanche [AVAX] the Next Big Comeback Kid? You Won’t Believe This!

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  • So, the past month’s AVAX price action is like that friend who keeps saying they’re “just tired” but you know they’re actually losing steam. 😴
  • And honestly, who knows if the wider market will decide to wake up from its hibernation? Investors, brace yourselves! 🎢

In a plot twist worthy of a soap opera, President Trump announced a 90-day tariff pause, which temporarily eased the selling pressure. Bitcoin [BTC] decided to join the party with a 7% jump, while Avalanche [AVAX] bounced back with a 10.3% leap. 🎉

Technical analysis is showing that the downward pressure on Avalanche is like a bad haircut—it’s not as severe as it was in January and February. A range formation around $17? Sounds like a cozy spot! 🛋️

The 1-day chart is still waving the bearish flag, but it’s starting to look a bit tired. The March low was at $15.27, and after a dramatic sell-off, Avalanche took a nosedive to $14.66 on Monday. Ouch! 😬

Now, the fixed range volume profile is like a map to buried treasure, showing that the upper and lower bounds of the value area (blue) are at $39.3 and $15.4. The Point of Control (red) is at $18.7, currently serving as a bouncer. No entry! 🚫

AMBCrypto is waving its magic wand and declaring that the $15-$17 range is the critical demand zone for Avalanche. If it dips below $14.5, we might be in for another wild ride downwards. 🎢

But wait! If the AVAX bulls can hold their ground, we might just see a recovery. Fingers crossed! 🤞

The bearish momentum is slowing down, and AVAX has been bouncing between $15 and $23 like a kid on a trampoline. This could be the consolidation phase after the dramatic downtrend of the last three months. 🏰

The 30-day liquidation map is like a game of musical chairs, with long liquidations outnumbering short ones. High-leverage liquidation levels at $18.18, $17.76, and $16.74 are the short-term targets. 🎯

We might see a dip to these levels to gather liquidity before a price rebound. Above $18.24, watch out for clusters at $19 and $20—they’re like the VIP section of the party, but beware of a potential bearish reversal! 🥳

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2025-04-10 16:10