📉 $AVAX /USDT Analysis - Bearish Pressure Continues ⚠️

AVAX is currently priced at $43.92, showing a decline of 10.63% in the past 24 hours. The 4-hour chart indicates strong selling activity, with the price breaking key levels and continuing to move further into bearish territory.

Support is found around $42.77, a crucial level to monitor—if it breaks, AVAX could test the $40 mark. On the upside, resistance is at $48, where previous attempts to rebound encountered significant selling pressure. A break above this resistance is essential for the bulls to regain control.

📊 Entry Strategy:

For Bears: Look to enter short positions on pullbacks to the $45–$46 range, targeting the next support level.

For Bulls: Patience is key—wait for a confirmed reversal or support at $42 before considering entry. A breakout above $48 could indicate a bullish recovery.

🔥 What’s Next? The market is currently in favor of sellers due to sharp downward momentum, but AVAX may soon find a bottom. Watch closely to see if buyers step in, or if further downside is on the horizon. Keep an eye on these critical levels.

Trade smart, trade safe. 🚀

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