AVAX Whales Could Be Waiting for This Critical Level! July 23 AVAX Analysis

• In AVAX’s 2-hour technical chart, it is observed that there is buying demand at the level of $13.23 and there is potential for an increase up to $14.16.
• However, it is important for it to maintain sustainability above the resistance level of $13.67 for this increase, and closing below the level of $13.24 can strengthen the downward trend.
• In AVAX’s daily chart, the nearest support zone is seen as $13.13, and it is important for the price to hold above this support for a new increase up to $15.45.

By focusing on Solana‘s daily and 2-hour technical charts, it can be seen that important support and resistance levels are crucial for investors in analyzing the possible future movements of AVAX price.

Medium-Term AVAX Price Chart

Daily AVAX/USD Price Chart

When examining AVAX’s daily technical chart, it can be seen that the nearest support zone is at the level of $13.13. AVAX price, reaching this support zone with the downward movement it made yesterday, has risen to the level of $13.55 with the support of buying reactions.

If AVAX price continues to close above the mentioned support zone on a daily basis, it can continue its rise up to $15.45. However, if AVAX performs daily candle closures below the level of $13.13, it can extend the downward movement to the mentioned level of $12.08.

Considering all these data, we predict that AVAX will rise from the support of $13.13 in the coming days and reach the level of $15.45. However, in case of daily candle closures below the level of $13.13, there is also a potential for the price to rise up to the level of $16 by starting the downward trend from the support of $12.08. Investors can shape their decisions by carefully monitoring these levels.

Short-Term AVAX Price Analysis

When examining AVAX’s 2-hour technical chart, it can be seen that there is buying demand at the level of $13.23. If AVAX price continues to close above the level of $13.23 on a 2-hour basis, it can continue its rise up to the level of $14.16. However, for this increase, it is necessary for AVAX to perform 2-hour candle closures and maintain sustainability above the resistance level of $13.67.

On the other hand, if AVAX price performs 2-hour candle closures below the level of $13.24, it can extend the downward trend to the level of $13. This is why it is crucial for AVAX to encounter strong buying demand in the support range of $13 – $12.90. If it initiates an upward movement from this support range, it can raise its price up to the level of $14.20.

Finally, if AVAX price performs 2-hour candle closures above the level of $14.40, it can extend its rise up to the resistance levels of $14.95.