$AVAX /USDT is trading at 46.90, marking a robust 5.94% gain over the last 24 hours.
After rallying to a 24-hour high of 49.15, the price $AVAX faced strong resistance and retraced, indicating a potential profit-taking phase. The 24-hour low of 43.82 reflects solid buying interest near this level, with the recent surge suggesting a bullish sentiment. Traders should watch the 47.41 resistance closely; a breakout above could signal a continuation toward 49.50 and beyond. On the downside, maintaining support above 45.30 will be crucial for sustaining upward momentum. Volume spikes and price action near these levels can offer profitable entry points. Tight stop-loss management is recommended to minimize risks.
