$AVA /USDT Analysis

Current Price: $1.594 (+0.11%)

24H Range: $1.4336 - $1.6797

Key Levels to Watch:

Resistance: $1.63 (recent high).

Support: $1.59 (current pivot point), with stronger support near $1.55.

Analysis:

1. The price has shown a sharp rejection from $1.63, indicating strong selling pressure.

2. Volume surged during the drop, suggesting active profit-taking or liquidation.

3. MACD hints at bearish momentum, with potential consolidation near $1.59.

Trade Strategy:

Bullish Case: Wait for a recovery above $1.60 to aim for $1.63 and beyond.

Bearish Case: Breakdown below $1.59 could target $1.55 or lower.

Risk management is essential. Monitor market sentiment closely.

#CryptoSignals #AVAUSDT #TradingAnalysis