🚀 $AVAX Fighting at Historic Support: Is This the Bottom for a Massive Rebound or More Downside Ahead? 🔥
Hey Crypto Crew! 📈
Today, December 19, 2025 – AVAX is trading around $12.09 USD, with a slight dip of about -1.4% to +2% in the last 24 hours (mixed sources showing minor fluctuations). 📊 24h volume is around $400-550 million, market cap sitting at ~$5.2 billion. The broader market is bearish, but AVAX is holding key support and showing signs of accumulation.
Quick Technical Snapshot:
Price testing historic support zone at $10-$12 (launchpad for massive rallies: +650% in 2023 and +1461% in 2021).
Indicators like RSI around 40-47 (neutral, climbing out of oversold), MACD showing slowing downside momentum.
Next major resistance: $15-$16 – break it, and we could rocket to $20+ fast! 🚀
Key support: $10 – if lost, potential drop to $8 (but volume suggests weakening selling pressure and accumulation).
Hot News Moving the Price: 🔥
Breaking Today! VanEck just amended its Spot AVAX ETF filing with the SEC (0.30% fees, staking via Coinbase and protocols like Benqi, custodians Coinbase & Anchorage). This intensifies competition with Bitwise (0.34% fees, up to 70% staking) – strong signal for massive institutional inflows soon! 💼
Other updates: Avalanche9000 & Granite upgrades for speed/costs, Mugafi partnership tokenizing $10M entertainment IP, institutions buying billions in AVAX.
Future Outlook:
Short-term: Potential rebound to $15-$20 by end of 2025 if support holds and ETF news stays positive.
Long-term: With upgrades and ETF approvals, strong targets – average $30-50 in 2026, potentially much higher with heavy institutional entry. Fundamentals are excellent despite current market pressure! ⚡
What do you think, fam? Will AVAX hold support and start the rally or more correction first? Share your thoughts in the comments! 👇
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