📊 AVAX price is currently at $37.41, down 7.63% over the last 24 hours. Significant volatility is visible, accompanied by moderate volumes.
Key points of the graph:
1. Short-term downtrend: The 7-day moving average ($38.46) is below the 25-day moving average ($38.88), indicating selling pressure.
2. Immediate Support: Critical zone around $37.09. A break below this level could lead to further losses.
3. Key Resistance: Area near $40.74, where sellers could intensify their action.
4. Technical indicators:
MACD shows an increasing bearish trend with negative divergence.
Williams %R at -93.56 indicates an oversold zone, suggesting a possible technical rebound.
💡 Suggested strategy:
Cautious Buy: If AVAX holds its $37 support, a recovery could offer potential for a bounce towards $39-40.
Sell or wait: If there is a break below $37, consider waiting for a new entry point.
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