$AVAX New Cycle Starting Point Slowly Buy
1. Overall Trend Judgment (Core)
The performance of AVAX is quite lamentable. From the end of 2023 to the beginning of 2024, it was the leader in the recovery of public chains, with the price skyrocketing from around $10.00 to $65.00.
However, the subsequent market saw a complete “inverted V” reversal. The price has fluctuated downwards, breaking through all key support levels of $50, $30, $20, etc. Currently, the price has fallen back to $13.82, which means that the previous 5-6 times increase has been completely erased, and the price has returned to the “starting line” of 2023.
AVAX's mid-term trend is extremely weak, but it has entered a long-term value range.
2. Key Levels
Resistance Level (Selling Pressure Zone):
Short Resistance: $20.00. A psychological round number and the last consolidation platform before the recent accelerated decline. A rebound to this level not only involves a stop-loss selling pressure but also short-term profit-taking selling pressure.
Strong Resistance: $30.00. A watershed for the mid-term trend. This is the bottom of the previous large fluctuation range, which has become a very strong “ceiling” after being broken.
Support Level (Defensive Zone):
Lifeline: $10.00 - $11.00. This is AVAX's absolute defense line. If it falls below single digits, faith will completely collapse.
Current Price Support: $12.00 - $13.00. The lower edge of the current fluctuation range, where bulls are organizing resistance.
3. Trading Volume Signals
Signal: Shrinking Volume at Bottom.
Compared to the active trading volume at the $60.00 top, the current volume (bottom red and green bars) is very sluggish.
Interpretation: Selling pressure is exhausted. Those who could cut losses have already done so; what remains are either “die-hard fans” or “zombie accounts” that are trapped. The market is waiting for new incremental funds to enter.
4. Operation Strategy
Holders: The darkest hour has passed. Since the starting point has been regained, cutting losses now is meaningless. It is recommended to hold firmly at $10.00 and wait for the cyclical rotation of the public chain sector. The target is to first look for a rebound to $20.00.
Non-holders: Golden pit opportunity.
Left-side Layout: In the range of $10.00 - $13.00, the cost-performance ratio is extremely high. Build positions in batches as a long-term allocation.
Stop Loss: Strictly set at $9.00. The risk-reward ratio is very excellent.
5. Summary
AVAX has completed its cycle, $10.00 is the cornerstone, and $20.00 is the first hurdle. When there is nowhere left to fall, it often marks the starting point of a new cycle!
