$AVAX Market Update: Testing the Lows!
Price: $33.76 (-1.49%)
• 24H High: $35.75
• 24H Low: $32.77
Market Analysis
1. Bearish Pressure Continues:
• The price broke below the MA(7) ($33.93) and is struggling to hold above $33.
• Short-term downward momentum is evident, with a rejection from the 24H high at $35.75.
2. Volume Perspective:
• A spike in selling volume contributed to the drop toward the 24H low at $32.77.
• Buyers are beginning to step in, but the recovery looks cautious.
3. Key Levels to Watch:
• Support: $32.77, the recent low, remains critical.
• Resistance: $35.01 (MA99) could act as a barrier to upward movement.
Next Moves:
• Short-Term Outlook: Consolidation likely between $33-$35 unless bulls regain control.
• Breakout/Breakdown Watch:
• A move above $35.01 (MA99) could signal bullish momentum.
• A drop below $32.77 may lead to further losses.
