$AVAX

/USDT Technical Analysis and Trade Signal💯🔥

Current Price: $38.66

24h High: $43.78 | 24h Low: $37.57

Technical Indicators

Moving Average (MA): The price is below the short-term MA, indicating a bearish trend.

Exponential Moving Average (EMA): EMA values also suggest a downtrend, with a possible shift towards stronger momentum below key EMA levels.

Bollinger Bands (BOLL): The price has fallen below the lower Bollinger Band, indicating increased volatility with potential for further downside or price bounce.

Stochastic RSI: The momentum shows potential overbought or oversold conditions, making it possible to see a reversal if it reaches extreme levels.

Trade Signal

Trend: Bearish (due to drop of 11.55% in the last 24 hours)

Trade Momentum: Bearish momentum is present, but oversold conditions suggest a potential reversal or short-term consolidation.

Target Levels 🎯

Target 1 (Short-term Support): $37.50 (key support level, possible bounce back zone)

Target 2 (Medium-term Resistance): $39.50 (could encounter resistance or minor consolidation here)

Target 3 (Bullish Target): $42.00 (to confirm bullish reversal)

Trade Momentum Overview:

Short-term bear pressure, likely to test $37.50.

If price consolidates or reverses, $39.50 can act as resistance, and a strong break above could push towards $42.00.

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