AVAX rebound continues, but can it break through the resistance area?

Point Analysis

• Support Level: $38.27 (MA7), $36.36

• Resistance Level: $42.19 (24-hour high), $46.66 (previous pressure level)

Bullish and Bearish Direction Prediction

AVAX price is gradually rising, and has short-term broken through the MA7 and MA25 moving averages, indicating that market bullish sentiment has somewhat recovered. The MACD indicator is gradually turning towards the zero axis, with bullish momentum strengthening. However, the current price is close to the resistance area, and if it cannot break through $42.19 with significant volume, it may trigger a short-term pullback.

Suggested Direction: For the short term, it is recommended to take a bullish position, building a light long position around $40.50, with a target of $42.19. After breaking through, look towards $46.66, and set a stop loss below $38, strictly controlling risk.