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Recently, some large holders have been adjusting their AVAX positions, which has indeed attracted a lot of attention. AVAX is currently trading around $13.55, feeling like a typical accumulation zone—the bulls and bears are still battling it out. The RSI indicator shows 45.9, indicating no clear bias yet.
From a technical perspective, the support level is at $13.14, and the resistance level is at $13.96. However, the real focus is on the breakout at $13.82. If the price can break through this level smoothly, the upward potential will open up. Given the current consolidation pattern, the bulls and bears are still in a tug-of-war, with no clear direction.
My approach is as follows: lightly build positions at the current price, without heavy hands. Set stop-loss just below the support at $13.14; if it breaks below, exit immediately. The initial target is around $13.82; if it breaks through, continue to follow the trend and see if an effective upward trend can form.
To be honest, the position adjustments by big whales still have a significant impact on the market. Although this wave of行情 has some interesting technical aspects, caution is still necessary. The key is whether the support can hold and the resistance can be broken.
What do you all think about this AVAX行情? Any thoughts?