IkanBilisCapital

Is AVAX another SOL in the works?

Long
BINANCE:AVAXUSDT   AVAX / TetherUS
L1 solutions saw crazy gains this week despite the rest of the markets taking a dump. We picked out AVAX as a potential contender to SOL and LUNA and a similar move could happen for this pair.

BULL CASE
It looks ready to move up from here. Our price target for this pair is around the 230 level

BEAR CASE
If price takes farther dump, we see $20 as a strong area of support.