$AVAX /USDT Bullish Momentum: Key Levels to Watch
$AVAX /USDT is trading at $50.33, recovering from its recent pullback and showing strength as it approaches resistance zones. Bulls are stepping in with increasing buying volume.
Technical Analysis:
Support Zone: $49.50 – $50.00
Immediate Resistance: $50.50
Key Resistance: $51.50
A breakout above $50.50 could accelerate bullish momentum, leading to higher price targets.
Trading Signal:
Entry Zone: $50.20 - $50.50
Targets:
1. Target 1: $51.00
2. Target 2: $51.50
3. Target 3: $52.00
Stop Loss: Below $49.50
Market Insights:
AVAX has shown consistent gains of 56.71% over the last 30 days and 115.04% over the last 90 days, indicating strong upward momentum.
A confirmed move above $50.50 could set the stage for a rally toward the next resistance at $52.00.
Risk Management Tip: Place stop losses below support and take profits incrementally at resistance levels to secure gains.