Avalanche AVAX BOTTOM or $4 CRASH COMING!? Avax Coin Crypto Price Prediction and Technical Analysis
1 extracted signal · 0 resolved · 1 still active
ImpossibleAnalysisIndependent analyst profile- Source published
- 20 Aug 2026, 20:24 UTC
- Recorded by Tahlil Plus
- 20 Aug 2026, 20:35 UTC
AI-generated source summary
The analysis focuses on AVAXUSDT, currently trading at approximately $7.36. The chart displays a historical downtrend, with key resistance levels noted around $10.50 and $15.50. The speaker observes that AVAX has recently bounced from a low around $6.50 and shows signs of a potential rally, drawing parallels with Bitcoin's recovery. A descending trendline resistance is identified, with a breakout above $7.70 potentially leading to a test of the 0.382 Fibonacci retracement level at approximately $7.30, and then a more significant rally towards $8.32 (0.618 retracement level). A break above $8.32 could open the door for a larger move towards $10.50. Conversely, a rejection from the current resistance and a drop below $6.50 would confirm a bearish continuation, potentially targeting the $5.70 level.
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