$AVAX /USDT – Short-Term Technical Read (15m)
Price is trading around 12.27 after a sharp drop from 12.55, followed by a clean intraday bounce from 12.12. This looks like a relief recovery inside a corrective phase, not a full trend reversal yet.
Market Structure
Clear lower high → breakdown → bounce structure.
The low at 12.12 is a key short-term demand zone, buyers reacted strongly there.
Current move is a dead-cat / relief bounce unless structure flips above resistance.
Moving Averages
MA(7): ~12.22 → price is above it, short-term momentum improving.
MA(25): ~12.31 → immediate resistance zone.
MA(99): ~12.32 → strong trend barrier. Price is still below MA(25 & MA(99) → trend pressure remains.
Volume Insight
Strong red volume on the sell-off confirms distribution from the top.
Bounce volume is improving but still not impulsive.
Needs clear green volume expansion above resistance to confirm strength.
Key Levels
Immediate Support: 12.20 – 12.12
Major Support: 12.00 – 11.90
Resistance: 12.30 – 12.35
Major Resistance: 12.48 – 12.55
Scenarios
Bullish Recovery:
Hold above 12.20 and reclaim 12.35 → opens room toward 12.48–12.55.
Range / Chop:
Likely consolidation between 12.12 – 12.35 if volume stays average.
Bearish Continuation:
Loss of 12.12 → downside toward 12.00 / 11.90.
Summary AVAX is showing a technical bounce from demand, but overall structure is still corrective below 12.35–12.50. Bulls need a reclaim of that zone with volume to shift momentum. Until then, this remains a short-term scalp / range environment, not a confirmed swing reversal.
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