$AVAX is currently trading near the $24 support level, showing signs of resilience against the prevailing downtrend. The price action suggests a potential for a bullish reversal, especially if the market experiences a broader bounce.

Support Level: $AVAX s holding strong at the $24 support level.
Downtrend Resistance: The price is currently squeezed against the local downtrend resistance.
Bullish Potential: A market bounce could trigger a significant upward move for $AVAX .
If you're bullish on $AVAX , consider monitoring the price action closely for signs of a breakout. A move above the local downtrend resistance could signal a potential buying opportunity.
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$AVAX

The current price of Avalanche (AVAX) is $26.35, marking a 7.56% increase over the last 24 hours. AVAX is available on 47 exchanges, with a trading volume of 10,682,990 coins, totaling $281,478,329.

Today, Avalanche opened at $24.60, reflecting a rise of 7.11% from the opening price. After a brief dip to $24.46, it is attempting to regain momentum. Compared to the maximum prices over the last 30 and 7 days, AVAX is down by 14.32%, but it has increased by 28.18% and 10.05% from the minimum recorded prices in those timeframes.

Our analysis indicates that AVAX needs to stay above $23.80 to aim for the first major resistance level at $27.69. A breakout beyond this resistance could push AVAX up to the next level at $31.67, with a further resistance at $35.55.

If the price declines, the initial support level to monitor is $23.80. Should this level fail to hold, a further drop to the next support at $20.62 may occur.
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The five best cryptocurrencies for short-term trading today, along with their current prices and potential trade strategies:
1. Solana (SOL)
• Current Price: $142.19
• Analysis: Solana has been gaining momentum with a 9.4% rise over the past week, making it a strong contender for bullish trades. Its rapid transaction speed and growing ecosystem make it an attractive option for short-term traders.
• Best Strategy: Consider long positions, targeting further upside as it continues to recover  .
2. Polkadot (DOT)
• Current Price: $4.13
• Analysis: Polkadot is stable but with long-term bullish potential due to its ecosystem integration. Its parachain technology ensures scalability, which is a positive indicator for future growth.
• Best Strategy: A neutral to bullish position, especially if there are signs of increasing volume in the short term .
3. Avalanche (AVAX)
• Current Price: $25.57
• Analysis: Avalanche has remained steady with slight upward movement, up 0.5% in the last 24 hours. Its decentralized finance (DeFi) ecosystem is thriving, giving it solid fundamentals.
• Best Strategy: Look for bullish trades around its current price as it continues to show moderate gains  .
4. Toncoin (TON)
• Current Price: $5.21
• Analysis: Toncoin has surged 3.5% over the past day and over 10% this week. Backed by its integration with Telegram, it’s gaining more attention from traders, making it a strong option for short-term positions.
• Best Strategy: Strong bullish potential, ideal for those looking for a coin on the rise .
5. Dogecoin (DOGE)
• Current Price: $0.1092
• Analysis: Dogecoin is a low-risk, low-volatility option right now, showing small but steady gains. Its large trading volume and community support keep it relevant for quick trades.
• Best Strategy: Speculative short-term trades with minimal risk due to its stable movement  .
Conclusion:
For today’s trades, Solana and Toncoin show the most potential for bullish gains, with strong price increases and favourable market sentiment. Avalanche and Polkadot remain stable choices for medium-risk trades, while Dogecoin provides a safer, low-volatility option for speculative short-term positions.
$SOL
$TON
$DOT
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