Here is a budget analysis of key levels for AVAX ahead of Powell's speech — where there may be increased risk of a price 'dump', and where probable support or a rebound may occur.
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Current situation
AVAX is currently trading at approximately $29.7–30.1 USDT.
Technical indicators are generally favorable: Bitget gives a 'Strong Buy' rating on the daily chart.
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Key support levels
Here are the levels where AVAX may go if there are sales or a drop before the speech:
Support Approximate price Why it matters
~$29.00–29.20 First 'buffer' — there may be stops for those who entered higher. If this level is broken — high risk of falling.
~$28.50–28.70 Quite a strong level, with a lot of wallet activity and demand; may serve as a 'damper' for a rebound.
~$27.50–27.80 If the internal levels are broken, it may go here — the 'backup support' zone.
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Key resistance levels
If AVAX holds the support and wants to rise, these levels may hinder upward movement:
Resistance Approximate price Comment
~$30.50–30.70 Small resistance — already close to the current price; may be a local 'ceiling'.
~$31.30–31.80 Average resistance — there may be sales from those who bought cheaply and want to lock in profits.
~$32.50–33.00 More significant resistance, psychological level; if broken — there may be an impulse.
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Possible scenarios before Powell's speech
1. 'Drop' before the speech: AVAX may initially fall down to ~$28.50 or even to ~$27.50 to 'pick up liquidity' (stop-losses), especially if there is overall panic or sales of risky assets.
2. Holding support zones: If the support at ~$28.50 works, a quick rebound to the resistance level ~$31.30 or even $32 is possible.
3. Side trend + volatility: Possible fluctuations between ~$28.50 and ~$31.50 without a clear trend until there are clear signals from the speech.
