Binance Technical Analysis: $AVAX
/USDT – 1D Chart Analysis 🚀
Current Price: $38.86
24h Change: +9.43%
24h High: $39.26
24h Low: $34.95
AVAX has been showing significant momentum recently with a solid 9.43% increase. Let's break down the price action and highlight three potential target levels for traders.
Target 1: $39.50 (Immediate Resistance)
AVAX is currently nearing the $39.50 region, which aligns closely with its recent 24h high of $39.26. This level is crucial for the continuation of the bullish trend. A breakout above $39.50 could push the price towards higher targets, validating the strength of the upward move.
Target 2: $42.00 (Next Key Resistance Zone)
If AVAX breaks the $39.50 resistance, the next target to watch is the $42.00 mark. This level has previously acted as a significant barrier, and a successful test of this area could open the doors to more substantial gains in the short term.
Target 3: $45.00 (Psychological Level and Strong Resistance)
Looking further ahead, $45.00 is a psychological resistance level and a key price area that could act as a strong barrier for the bulls. If AVAX pushes past $42.00 and heads toward $45.00, it will be essential for traders to monitor the momentum closely. A rejection here could lead to consolidation, but a breakout could signal a more extended rally.
Support Levels to Watch:
$35.00: If the price retraces, the $35.00 zone could provide solid support, protecting the uptrend.
$32.50: A deeper correction might bring AVAX towards this support, where buyers could look to enter.