Disclaimer: This is an educational post and not financial advice. Always conduct your own research.

AVAX Price Analysis

Weekly Fixed Range Analysis

-Value Area Low (VAL): Approximately $26.40

-If AVAX price accepts and reclaims this level, the next target is the Point of Control (POC)

-Point of Control (POC): Approximately $27.10

-Reclaiming this level may lead the price to the Value Area High (VAH)

-Value Area High (VAH): Approximately $28.80

Current Market Situation

-AVAX is searching for range acceptance and rotation.

-The price is currently in an undefined zone with single prints, indicating low volume.

-On the downside, there is a small range between $24.60 and $20.00.

-AVAX has bounced off the pivot of this range twice.

-Price movement could be upward, downward, or sideways.

Legend

-VAL (Value Area Low): The lower boundary of the value area

-VAH (Value Area High): The upper boundary of the value area

-POC (Point of Control): The price level with the highest traded volume in the given time frame. The significance of this level increases with the length of the time frame.

Analysis Time Frames

-The weekly time frame is used for fixed range analysis

-Charts are also reviewed on a 4-hour time frame for more detailed observation