analysis post for Binance, focusing on the $AVA
/USDT pair with three potential target prices:
AVA/USDT Technical Analysis: Bullish Momentum with Key Targets in Focus š
Currently trading at 1.6385 USDT, AVA/USDT has shown solid upward momentum over the past 24 hours, with a 29.34% increase. Let's dive into the technical levels to watch:
Key Support & Resistance Levels:
Support: The price has established strong support around 1.2554 USDT, which is the low point of the last 24 hours. A bounce from this level could signal a continuation of the bullish trend.
Target 1 (1.6500 USDT): This price point has shown resilience, acting as a temporary ceiling over the past hour. A break above could trigger further upside.
Target 2 (1.6810 USDT): The 24-hour high, offering strong resistance. If the price pushes past this level, we could see a significant rally, bringing in more buyers.
Target 3 (1.7000 USDT): A psychological level of resistance. If AVA continues its current bullish trajectory, this could be the next significant milestone to watch for.
Key Indicators:
Volume Surge: A significant increase in 24-hour trading volume, with over 71 million USDT traded, suggests strong market interest and potential for continued price action.
Price Action: The chart shows higher lows, indicating a strong bullish trend. Watch for breaks above 1.6500 and 1.6810 for further confirmation of upward movement.
Conclusion: AVA/USDT is poised for continued growth, with strong support at 1.2554 USDT and potential resistance levels at 1.6500, 1.6810, and the critical 1.7000 USDT mark. Keep an eye on these levels for breakout opportunities.
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