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Gate Square New & Returning Creator Rewards are ongoing!
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$AVAX PRICE FORECAST | IS $200 POSSIBLE? | CRYPTOPATEL
#AVAX Is Holding A Strong HTF Accumulation Zone On The Weekly Chart After A Deep Multi-Year Correction From The 2021 ATH. Market Structure Continues To Suggest Smart Money Re-Accumulation At Long-Term Support.
Current Technical Structure:
✅ Strong All-Time Support / Accumulation: $12 – $9
✅ Multiple Historical Reactions From This Demand Zone Since 2021
✅ Macro Descending Trendline From ATH Still Acting As Resistance
✅ Recent Move Shows Liquidity Sweep Into Demand
✅ Key Strength Signal: Weekly Close Above $20
CryptoPatel Targets: $32 / $58 / $115 / $200+
As Long As AVAX/USDT Holds Above $8.50, The Macro Bullish Bias Remains Valid.
This Is A Patience-Based HTF Setup With Asymmetric Risk-Reward, Best Suited For Spot & Long-Term Holders.
Invalidation: Weekly Close Below $8
TA Only. Not Financial Advice. Always DYOR.
@avax