The Trust Layer for Market Analysts

The presenter analyzes AVAXUSDT, noting its stability since July 21. He highlights the recent increase in volume and DEX trading volumes. He identifies a rejection at the yearly rolling VWAP around $26.82 but anticipates a potential breakout. Citing momentum, he suggests AVAX might break above this level later, expecting a move back to the point of control around $23.6, followed by a rally towards $30 if the reaction is strong and supported by fundamentals. He calls for close level observation and suggests a blind limit order between $24 and $23.50. The analysis also considers overall altcoin market bullish trends. The presenter emphasizes the need for a strong reaction at the point of control, and mentions there will be economic data next week, which makes the analysis more sensible.