Technical analysis by SILICIDE about Symbol AVAX on 7/4/2025

AVAX is currently in a downtrend and has approached a key support zone. Price action has formed a bearish flag pattern, suggesting a continuation of the prevailing trend. The market is currently in a correction phase within this flag. If the support fails and the pattern breaks to the downside, AVAX may slide toward the next bearish target around $14. However, if the resistance of the flag is broken to the upside, it would invalidate the bearish setup and could shift momentum toward a recovery, with a potential move toward $22.5 as the first bullish target. Let’s monitor how the price reacts near the edges of this pattern to assess whether continuation or reversal plays out.brake out of resistance