$AVAX

AVAX/USDT Point Analysis and Long/Short Direction Forecast

Market Overview

The current AVAX/USDT price is **$43.01**, with a daily decline of **-7.09%**. After continuous declines, it has entered an oversold state, and there is a possibility of a technical rebound in the short term.

• 24-hour highest price: $48.04

• 24-hour lowest price: $42.36

• 24-hour trading volume: 4,901,700 AVAX

Technical Analysis

1. Moving Average Analysis

• MA(7): $45.43 (short-term resistance)

• MA(25): $48.29

• MA(99): $50.02

The price is far below the short-term, medium-term, and long-term moving averages, indicating a clear overall downward trend, but it is already in the oversold area.

2. MACD Indicator

• DIF: -1.52

• DEA: -0.92

• MACD Histogram: -0.60

The MACD fast line and slow line continue to move downward, with a dominant bearish trend, but downward momentum has weakened.

3. Trading Volume

During the decline, trading volume has significantly increased, indicating strong bearish strength, but subsequent changes in low-level trading volume need to be monitored.

4. Key Levels

• Support Levels:

• First Support: $42.00 (psychological support)

• Second Support: $40.00 (important round number support)

• Resistance Levels:

• First Resistance: $45.00 (near the 7-day moving average)

• Second Resistance: $48.00 (25-day moving average)

Trading Strategy

Bearish Strategy

If the price rebounds near the resistance level, consider taking a light short position:

• Entry Range: $45.00 - $46.00

• Take Profit Target: $42.50 / $41.00

• Stop Loss Position: $47.00

Bullish Strategy

If the price drops near the support level of $42.00 and stabilizes with increased volume, consider trying to buy low:

• Entry Range: $42.00 - $42.50

• Take Profit Target: $44.50 / $46.00

• Stop Loss Position: $41.00

Trend Forecast

• Short-term Trend: The market is currently in an oversold state, and a technical rebound may occur in the short term, but it is necessary to observe whether it can stabilize above the $43.00 support level.

• Medium-term Trend: If the price rebounds and fails to break the MA(7) resistance level, the overall trend will continue to be downward.

Operational Suggestion: It is recommended to closely monitor the effectiveness of the $42.00 support level, while maintaining light positions and strictly executing stop-loss and take-profit strategies.