AVAXUSDT, IMPORTANT SUPPORT WEEKLY?
📊 AVAX/USDT – Weekly Analysis
🔥 Avalanche (AVAX) is currently at a critical support zone!
On the weekly timeframe, we can see that AVAX has been rejected from the $53.55 resistance, which was a key historical level. The price failed to break this zone, leading to a significant correction. Now, AVAX is testing an important support range between $24.60 – $20.12.
🔍 Key Observations:
📉 Bearish Structure: AVAX has formed lower highs, indicating weakness in the trend.
🔵 Moving Averages: The 30.04 (SMA) and 32.88 (SMA) are acting as resistance levels.
💹 RSI at 42.01: The RSI is near neutral territory but leaning towards oversold conditions, suggesting a potential reversal if momentum shifts.
📈 Potential Scenarios:
✅ Bullish Case: If AVAX holds above $24.60 and reclaims $30.04, we could see a retest of the $32.88 - $35.00 resistance zone. A breakout above $53.55 would confirm a long-term bullish continuation.
❌ Bearish Case: A breakdown below $20.12 could trigger a deeper decline toward the next major support at $15.00 - $17.00.
🔔 Final Thoughts:
For now, AVAX is at a make-or-break level. Traders should watch for confirmation signals and volume spikes before entering new positions. A strong bounce from support could present a buying opportunity, while a breakdown may lead to further downside.
What’s your take on AVAX? Share your thoughts below! 👇🔥
#AVAX #Crypto #TechnicalAnalysis #TradingView
🔥 Avalanche (AVAX) is currently at a critical support zone!
On the weekly timeframe, we can see that AVAX has been rejected from the $53.55 resistance, which was a key historical level. The price failed to break this zone, leading to a significant correction. Now, AVAX is testing an important support range between $24.60 – $20.12.
🔍 Key Observations:
📉 Bearish Structure: AVAX has formed lower highs, indicating weakness in the trend.
🔵 Moving Averages: The 30.04 (SMA) and 32.88 (SMA) are acting as resistance levels.
💹 RSI at 42.01: The RSI is near neutral territory but leaning towards oversold conditions, suggesting a potential reversal if momentum shifts.
📈 Potential Scenarios:
✅ Bullish Case: If AVAX holds above $24.60 and reclaims $30.04, we could see a retest of the $32.88 - $35.00 resistance zone. A breakout above $53.55 would confirm a long-term bullish continuation.
❌ Bearish Case: A breakdown below $20.12 could trigger a deeper decline toward the next major support at $15.00 - $17.00.
🔔 Final Thoughts:
For now, AVAX is at a make-or-break level. Traders should watch for confirmation signals and volume spikes before entering new positions. A strong bounce from support could present a buying opportunity, while a breakdown may lead to further downside.
What’s your take on AVAX? Share your thoughts below! 👇🔥
#AVAX #Crypto #TechnicalAnalysis #TradingView
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.