🚨 $AVAX /USDT TECHNICAL ANALYSIS: Momentum Gaining Strength! 🚨

$AVAX /USDT is currently trading at $49.89, up by 9.70% over the past 24 hours. The token has touched a 24-hour high of $51.27, showing bullish momentum but now consolidating near key resistance levels. Here’s a breakdown of critical levels and price targets:

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Key Levels and 3 Targets

1️⃣ Immediate Resistance: $51.50

A breakout above this level could confirm the continuation of the bullish trend, setting the stage for higher levels.

2️⃣ First Target: $53.00

If AVAX sustains above $51.50, this level becomes the next resistance, offering a strong psychological milestone.

3️⃣ Second Target: $56.00

Breaching $53.00 may push AVAX to test $56.00, marking a key level where profit-taking could occur.

4️⃣ Support Zone: $48.00

On the downside, if AVAX faces rejection at $51.50, $48.00 will act as critical support. A breakdown here could lead to a deeper correction toward $46.00.

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Technical Insights

Trend: Bullish, driven by strong daily price action and volume.

Indicators: RSI remains in the bullish zone but nearing overbought levels, signaling potential consolidation before further upside.

Volatility: Elevated, as AVAX tests critical levels with significant trading activity.

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Trading Strategy

💡 Bullish Play:

Entry: Above $51.50

Targets: $53.00, $56.00

Stop-Loss: Below $49.00

💡 Bearish Play:

Entry: Below $48.00

Targets: $46.00, $44.50

Stop-Loss: Above $49.50

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AVAX is in a strong uptrend—monitor these levels closely for the next decisive move!

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