$AVAX USDT Analysis 🏔️
Avalanche ($AVAX ) is currently consolidating after a significant recovery from its recent low of $7.534. The price is hovering around $9.058, sitting right between its short-term moving averages, which suggests a breakout could be brewing soon.
📍 Entry Range: $8.90 – $9.15
🎯 Target 1 (T1): $9.80
🎯 Target 2 (T2): $10.40 (Testing the MA99 resistance)
🛑 Stop Loss: $8.50
🧠 Trade Setup
Trend Status: AVAX is trying to hold above the MA(7) and MA(25) levels. Staying above $9.00 is crucial for maintaining bullish momentum.
Key Resistance: The major psychological and technical barrier lies at $10.35 - $10.40, where the 99-day Moving Average (purple line) is currently positioned.
Volume Indicator: We are seeing steady volume, but a spike is needed to push through the current consolidation zone.
Click Trade Here 👇
#BinanceSquare #AVAX #cryptotrading #TechnicalAnalysis #HadiaBTC
Risk Warning: Market conditions can change rapidly. Ensure you manage your position size and stick to your stop loss to protect your capital.