AVAX’s rally is not over yet – But bulls should be wary of a break below $20

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.