#AVAXUSDT
*AVAXUSDT Holds $9.198 Support, Eyes Bounce Toward $9.57-$9.61*
_4H Chart Shows Recovery from $8.98 Low, Breakout Setup Above $9.36_
Avalanche is attempting a short-term recovery after finding support near *$9.198*. AVAXUSDT is trading at *$9.266*, down 0.25% on the 4H candle, but the chart shows a potential bounce setup toward $9.57-$9.61.
What the Chart Shows
- *Support Hold*: Price bounced off the $8.98-$9.027 zone, which acted as support in late April and again this week. The brown box marks this demand area.
- *Breakout Structure*: The white arrows project a move back toward $9.36-$9.57 if buyers hold $9.198. A break above $9.36 would open the path to $9.57 and $9.61 resistance.
- *Resistance Zone*: The $9.57-$9.61 area is marked in red and has capped price multiple times. Flipping this zone to support would be key for a move toward $10+.
Key Levels to Watch
- *Support*: $9.198-$9.12 is the immediate zone to hold. A daily close below $8.981 would invalidate the short-term bullish setup.
- *Resistance*: $9.36 is the first hurdle. Above that, $9.57-$9.61 is the next supply zone.
- *Trend*: As long as AVAX holds above $9.198, the structure favors a retest of $9.57.
Bottom Line
AVAXUSDT is coiling above $9.198 support after a bounce from $8.98. A break above $9.36 confirms the move toward $9.57-$9.61. Traders are watching this level for either a rejection or the start of the next leg up.
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_Note:
This is technical analysis for educational purposes. Crypto markets are volatile. Use stop losses and trade within your risk tolerance._