Quick summary
AVAX is below two base levels with two stacked limit entries triggered after a sharp June capitulation wick. Price is recovering, 6.90 EUR is the first hurdle, a full reclaim of 9.60 EUR resolves both bases.
What is AVAX?
Avalanche is a high-speed layer-1 blockchain designed for decentralised applications and custom subnet deployment. AVAX is its native token, used for fees, staking, and governance.
Trade Setup
Base 1: ~6.90 EUR (lower base, formed February)
Base 2: ~10.00 EUR (upper base, formed January)
Current price: 5.92 EUR — below both bases
Position: two stacked limit entries triggered after the June capitulation wick
Levels
Entry 1: −46% below base → ~5.10 EUR
Entry 2: −17% below base → ~5.72 EUR
Exit: +78% from entry → ~9.60 EUR (upper base reclaim)
Panic: close and hold below 4.90 EUR with no reclaim
Zoomed out: price is below two significant base levels with a long-term resistance line sloping down from August 2024 still overhead. A reclaim of the lower base at 6.90 EUR is the first hurdle clearing that opens the path toward 9.60 EUR and the upper base.
Disclaimer
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Written by
Andrew Kamsky
Andrew Kamsky is a Bitcoin analyst. He spent a decade in traditional finance across a Big Four firm and a listed fintech bank before going deep on Bitcoin full-time.
