$AVAX /USDT Technical Insight – Breakout Watch!
$AVAX is trading at $41.12, reflecting a +2.19% gain, as bulls eye the resistance level of $41.34, signaling growing momentum.
Key Levels to Monitor:
Support: $40.00 – A strong foundation for pullbacks.
Resistance: $42.00 – A decisive breakout here could propel AVAX to new highs.
🎯 Trade Opportunities:
For Bulls: Consider buying near $40.00, aiming for $42.00 and $43.00, with a stop-loss at $39.50.
For Bears: Short below $40.00, targeting $39.00, with a stop-loss at $40.50.
The RSI at 77.98 indicates overbought conditions, signaling potential heightened volatility. Keep a close watch on trading volumes and price action!