📈 $AVAX Latest Analysis :
Current Price/Movement: AVAX is trading in the $13.41 to $14.58 USD range, showing a short-term bearish trend with a daily decline (approx. -1.20% to -3.95% on Dec 11).
Technical Indicators: Some technical indicators show a positive divergence in the RSI, suggesting a possible upside reaction, but overall momentum appears mixed or cautiously bullish after breaking a recent resistance trendline.
Key Levels: Resistance is noted around $14.77 and $15.89, with near-term support around $12.57.
Market Sentiment/News: Longer-term predictions remain bullish for the end of 2025 (ranging from $18.25 to $36.00) due to continued ecosystem expansion, Real World Asset (RWA) involvement, and potential impacts from the 2024 Bitcoin Halving cycle. A regulatory decision on an Avalanche ETF is also a key event.
Disclaimer: This information is based on public technical analysis and forecasts and is not financial advice. Cryptocurrency markets are highly volatile, and you should always conduct your own research before making any investment decisions.
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