📉$AVAX AVAX/USDT Market Update
🔴 Current Price: $40.19 (-9.24%)
📊 24H Range: $40.12 - $44.57
📈 Volume: 2.80M AVAX
AVAX faces substantial selling pressure, with a sharp decline below key EMA levels, marking an intense bearish trend.
---
Technical Analysis:
EMA(7): $41.32
EMA(25): $42.73
EMA(99): $42.29
The break below EMA(7) confirms the short-term downtrend, and the widening gap between EMAs indicates strengthening bearish momentum.
---
Key Levels to Watch:
Support: Immediate at $40.00. A breakdown could extend losses to $38.50.
Resistance: First test lies at $42.50 (EMA(25)), followed by $44.00.
---
Outlook:
Bearish Case: Continued weakness below $40 could spark further declines, testing lower levels.
Bullish Rebound: A recovery above $42.50 might restore momentum, targeting $45 resistance.