$AVAX Consolidation Phase: AVAX has been trading in a narrow range between $12.10 and $12.45 over the last 48 hours. Without a major volume spike, it is likely to remain within this "sideways" channel tomorrow.
Technical Indicators:
RSI (Relative Strength Index): Currently near 40, suggesting the coin is approaching oversold territory but hasn't triggered a strong "buy" signal yet.
Falling Wedge Pattern: Some analysts see a "falling wedge" on the daily chart, which is typically a bullish reversal sign, but a breakout is not expected to be fully realized in a single day.
Market Sentiment: The "Fear & Greed Index" for the broader market is currently at 20 (Extreme Fear). This general market anxiety is preventing AVAX from making significant upward moves despite strong ecosystem fundamentals.
Short-Term Outlook
While tomorrow looks stable, the end-of-year target for many analysts remains between $14.50 and $18.00 if a "Santa Rally" occurs in the final days of December.
