$AVAX Here is a detailed technical analysis of AVAX (Avalanche) based on the current price:

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✅ Current Price: $21.78

(Dated: August 1, 2025)

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🔹 General Trend:

🔄 The general trend for AVAX in the short term is bearish.

📉 In the medium and long term, the price remains below major resistance areas and has not entered a major uptrend yet.

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🔸 Key Support Areas:

Important Support Level

$21.00 – $21.30 is current local support; a break of it would indicate a continued correction.

$19.50 – $20.00 is medium-term support, previously tested and rebounded from.

$17.80 – $18.50 is very strong support (June/July long consolidation base).

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🔸 Key Resistance Areas:

Resistance Notes

$23.00–$23.50 is current resistance, which the price has failed to break 3 times previously.

$25.00 is strong psychological and technical resistance, the gateway to a real upside move.

$28.00 is a technical target for a rebound wave if $25 is breached.

$32.00–$35.00 are long-term targets if the trend changes completely.

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📊 Technical Indicators:

RSI (14): Around 48 = Neutral, neither overbought nor oversold.

MACD: Still in a slight negative crossover, but may change soon.

Volume: Currently weak = lack of strong buying interest.

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📉 Current Price Action:

The price has been fluctuating within a narrow range between $21–$23 for weeks.