#Avaxusdt $AVAX




Based on the 4-hour AVAX/USDT chart analysis provided, the price is currently trading below the 200 SMA, indicating a general bearish trend. The RSI is hovering around the 48 level, suggesting that the market is neither overbought nor oversold, but rather in a neutral state. The MACD is also showing bearish signals with a declining histogram, indicating the potential for further price declines.

the MACD line currently stands at -0.02, while the signal line is at -0.09. The histogram, reflecting the difference between these two lines, is at -0.06. This indicates that the MACD line is below the signal line, suggesting that the selling pressure may continue unless a significant reversal occurs

In the bullish scenario, if the price manages to break through the nearest resistance at around $22 and continues to rise with strong volume, there is potential to test the next resistance levels at $24.66 to $25.41. This scenario would become more valid if supported by an increase in trading volume and confirmation of bullish signals from the MACD, along with the RSI moving towards the overbought territory.

On the other hand, in the bearish scenario, if the price fails to break the resistance and instead reverses downward, it could retest the support around $20 or even lower towards the strong support at $18.

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Disclaimer: The information provided in this analysis is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies involves a high level of risk and may not be suitable for all investors. Always perform your own research and consult with a financial advisor before making any trading decisions.