1. Short-term situation:
The price has bounced several times from the area $24.45–24.50 (local support).
There is strong resistance around $25.00–25.05, where there have already been two downward bounces.
Now, after a brief rise, a small decline is forming, and the price has returned to $24.78.
2. Indicators:
RSI (6) ≈ 44 → zone closer to neutral, slight downward tilt → there are no overbought or oversold conditions, but it leans more towards a weak bearish signal.
MACD: the lines intersect, the histogram decreases → a signal for slowing growth, a possible short pullback down.
3. Local picture:
If the price holds the level $24.60–24.70, there may be another attempt to break $25.00.
If it breaks down $24.60, then the way is open to $24.40 and below.
4. Overall on AVAX:
This is one of the top altcoins (Avalanche - its own blockchain network with fast transactions, used in DeFi, NFTs, and games).
The coin is volatile and often moves with Bitcoin and the overall market.
If the market is not strongly rising now, AVAX usually moves in a range and seeks support before larger movements.
📌 Conclusion:
Short-term it now looks more like a slight decline/flat after a bounce.
Strong zones: support $24.40–24.50 and resistance $25.00–25.10.
If playing in short deals - it is important to wait for a breakout of one of these levels.
