Can AVAX transform support into momentum aiming at 33.5?

[MadWhale]

[b]Fundamental analysis: [/b]
Big funds just asked for an AVAX spot ETF. If approved, it could bring new money in, like what happened with Bitcoin’s ETF.
But if regulators delay, AVAX price might just stay flat for longer.

[b]Technical analysis: [/b]
$AVAXusdt is currently trading near a significant daily support level in confluence with a well-established trendline; if this zone holds, the setup suggests a possible upside move of around 18% toward the 33.5 level.