$AVAX /USDT Technical Analysis
Current Price: $36.90 (-0.91%)
24H Range: $35.52 - $38.00
Volume: 2.72M AVAX
Key Insights:
$AVAX /USDT is consolidating around $37.00, showing volatility within the $35.50 to $38.00 range.
A breakout above $38.00 could trigger a bullish continuation, while support at $35.50 remains critical to avoid further downside.
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🎯 Targets:
1. Target 1: $37.50
Rationale: Immediate resistance and achievable in the short term with moderate momentum.
Action: Partial profit-taking is recommended.
2. Target 2: $38.50
Rationale: Key resistance zone, aligning with 24H high breakout potential.
Action: Hold positions if price consolidates above $37.50.
3. Target 3: $40.00
Rationale: Psychological level with strong bullish sentiment and breakout potential.
Action: Full profit-taking recommended.
🔑 Strategy:
Stop Loss: Place below $36.00 to minimize downside risk.
Indicators to Watch: Monitor MACD and RSI for bullish crossovers and increasing volume for confirmation of a breakout above $38.00.