AVAX’s rally is not over yet – But bulls should be wary of a break below $20
2025-07-13 14:11:00
Main Idea
AVAX's price rally shows resilience with strong buy volume and bullish momentum, but a break below $20 could reverse gains.
Key Points
1. AVAX held above $21 with positive Buy-Sell Delta (50K) and strong buy orders (118.47K vs. 99K sell orders).
2. Futures market indicates bullish sentiment with a Long/Short Ratio of 3.883 and 79.18% long positions.
3. Analysts suggest $20 is a critical support level; a break below could push prices down to $17.
4. Momentum indicators like Stochastic RSI (99.63) and +DMI (30) show overbought conditions but confirm upward momentum.
5. Reclaiming $22.75 as support could signal further price gains, while losing $20 may trigger a sell-off.
Description
AVAX bulls mean business! But if $20 cracks, this rally might unravel faster than you can blink.
Latest News
- Central banks buying Bitcoin? The quiet exposure no one’s talking about2025-07-14 00:11:50
- What FARTCOIN’s $2 mln whale movement means for traders targeting $1.602025-07-13 22:03:19
- BlockFi, DOJ close the book on $35 mln dispute – Details inside2025-07-13 21:07:15
- Chainlink breaks $15 – 4 factors backing LINK’s push to $202025-07-13 20:10:27
- Crypto market’s weekly winners and losers – XLM, MOG, JTO, SYRUP2025-07-13 19:13:53