AVAX rebound continues, but can it break through the resistance area?

Point Analysis

• Support Level: $38.27 (MA7), $36.36

• Resistance Level: $42.19 (24-hour high), $46.66 (previous resistance)

Bullish and Bearish Direction Prediction

AVAX price is gradually rising, having short-term broken through the MA7 and MA25 moving averages, indicating a recovery in market bullish sentiment. The MACD indicator is gradually turning towards the zero axis, with bullish momentum strengthening. However, the current price is close to the resistance area, and if it cannot break through $42.19 with volume, it may trigger a short-term pullback.

Suggested Direction: For the short term, it is recommended to take a bullish position, building a light position around $40.50, with a target of $42.19. If broken, look towards $46.66, and set a stop loss below $38 to strictly control risk.