$AVAX

AVAX/USDT Point Analysis and Bullish/Bearish Direction Forecast

Market Overview

Current AVAX/USDT price is **$43.01**, intraday drop of **-7.09%**, having entered an oversold state after continuous decline, short-term technical rebound is possible.

• 24-hour highest price: $48.04

• 24-hour lowest price: $42.36

• 24-hour trading volume: 4.9017 million AVAX

Technical Analysis

1. Moving Average Analysis

• MA(7): $45.43 (short-term resistance level)

• MA(25): $48.29

• MA(99): $50.02

Price is far below short-term, medium-term, and long-term moving averages, indicating a clear overall downward trend, but has entered the oversold area.

2. MACD Indicator

• DIF: -1.52

• DEA: -0.92

• MACD Histogram: -0.60

MACD fast line and slow line continue to run downwards, bearish trend dominates, but downward momentum is weakening.

3. Trading Volume

During the decline, trading volume has significantly increased, indicating strong bearish forces, but subsequent attention needs to be given to changes in low-level trading volume.

4. Key Levels

• Support Levels:

• First Support: $42.00 (psychological support level)

• Second Support: $40.00 (important round number support)

• Resistance Levels:

• First Resistance: $45.00 (near 7-day moving average)

• Second Resistance: $48.00 (25-day moving average)

Trading Strategy

Bearish Strategy

If the price rebounds near the resistance level, consider light shorting:

• Entry Range: $45.00 - $46.00

• Take Profit Target: $42.50 / $41.00

• Stop Loss Position: $47.00

Bullish Strategy

If the price falls near the support level of $42.00 and stabilizes with volume, consider trying to accumulate long positions:

• Entry Range: $42.00 - $42.50

• Take Profit Target: $44.50 / $46.00

• Stop Loss Position: $41.00

Trend Prediction

• Short-term Trend: The market is currently in an oversold state, and a technical rebound may be coming in the short term, but it needs to be observed whether it can hold above the $43.00 support level.

• Medium-term Trend: If the price rebound cannot break through the MA(7) resistance level, the overall trend will still maintain a downward direction.

Operational Suggestions: It is recommended to closely monitor the effectiveness of the $42.00 support level, while maintaining light positions and strictly implementing stop-loss and take-profit strategies.