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$AVAX /USDT Technical Analysis: Watch These Critical Levels! šØ
$AVAX is trading at $42.31, down 13.95%, indicating significant bearish pressure. Here are the key levels traders need to monitor to capitalize on the next move.
Key Levels to Watch:
1ļøā£ Resistance Level 1: $45.00
A breakout above this level could signal a recovery, potentially attracting buyers.
2ļøā£ Resistance Level 2: $48.00
Surpassing this level may confirm strong bullish momentum, targeting higher prices.
3ļøā£ Support Level: $40.40
This is a critical support zone. A breakdown below could lead to further bearish momentum.
Trade Setup:
š Bullish Scenario:
If AVAX breaks above $45.00, potential upward targets are $48.00 and $50.00, indicating a trend reversal.
š Bearish Scenario:
A drop below $40.40 could push the price toward $38.00 or lower, reflecting continued selling pressure.
Market Insights:
24H High: $49.79
24H Low: $40.40
Volume: Over 9.24M AVAX traded, reflecting heightened market activity amidst the decline.
š” Pro Tip: Watch price action closely near these critical levels. Confirm breakouts or breakdowns before entering trades, and manage risk with tight stop-losses in this volatile market.
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