AVAX breaks key moving averages, can $39.48 become the starting point for a rebound?

Market Analysis:

AVAX/USDT current price is $39.48, with a 24-hour decline of 3.40%. The price peaked at $45.05 and has retraced, consecutively breaking through MA(7) and MA(25), stabilizing near MA(99). Trading volume has significantly increased, and MACD shows a bearish expansion state, with short-term bears in the dominant position.

Key Levels:

• Support Levels: $39.00, $38.00

• Resistance Levels: $40.50, $42.00

Trading Suggestions:

1. Short-term Long Position:

• If the price stops falling near $39.00, a light long position may be attempted, with a target of $40.50 and a stop-loss at $38.50.

2. Short Position Strategy:

• If the price rebounds to around $40.50 but fails to break through, a short position may be established, with a target of $39.00 and a stop-loss at $41.00.

Risk Warning:

• $39.00 is an important short-term support level; if it is effectively broken, it may further test the deep support at $38.00.

• It is recommended to maintain a light position, respond flexibly to fluctuations, and set take-profit and stop-loss levels to mitigate risks.

Market Outlook:

AVAX may seek stabilization within the key support area, with a higher probability of short-term fluctuations. Investors need to pay attention to changes in trading volume and the gains and losses of support levels to capture trading opportunities.