$AVAX
š„ AVAX/USDT Technical Analysis ā Is Avalanche Ready to Surge? šš„
AVAX/USDT is currently trading at $37.67, and the price action hints at a possible breakout. Letās analyze the key levels and strategies:
š” Key Levels to Watch:
Resistance Zones:
Immediate resistance is at $38.50, where sellers could step in.
A breakout above $40.00 could open the doors for a rally toward $42.50 or higher.
Support Zones:
Key support lies at $36.50, providing a solid base for buyers.
A deeper support level is around $35.00, which could serve as a strong accumulation zone.
š Entry Strategy:
Breakout Play: Buy on a confirmed move above $38.50, with volume. Target the $40.00ā$42.50 range for profits.
Dip Buying: Accumulate near $36.50ā$35.00, setting a stop-loss below $34.50 to manage risks.
ā” Market Momentum: Watch for increasing trading volume and bullish candlestick patterns near resistance. A surge above $38.50 could bring renewed momentum to the market.
AVAX is heating upāare you eyeing the breakout, or waiting to buy the dip? Share your take below! š„š
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