$AVA /USDT Technical Analysis – Binance
Current Price: $1.46 | +16.13% Change
Overview:
$AVA /USDT has seen impressive bullish movement, up by +16.13% in the last 24 hours. The current price stands at $1.46, with the coin reaching a high of $1.5772 and a low of $1.2140 during this period. This surge indicates strong buying momentum and positive market sentiment around AVA.
Technical Indicators:
Moving Averages (MA):
MA(7) = 1.4867
MA(25) = 1.5104
MA(99) = 1.3465
The short-term MA(7) is slightly below the MA(25), signaling a near-term consolidation or potential pullback. However, the overall bullish trend remains intact, with the MA(99) providing solid support at $1.35.
Price Action:
24h High: $1.5772
24h Low: $1.2140
AVA's price has moved sharply from its low of $1.2140, indicating strong demand and buying pressure. It is currently testing resistance around the $1.57 region. A breakout above this level could signal further upside.
Volume Analysis:
24h AVA volume: 34.93M
24h USDT volume: 48.74M
Volume has been high, supporting the price increase. The increase in AVA volume suggests strong buyer interest, and the USDT volume indicates a broad market participation.
Target Levels:
Resistance: The immediate resistance is at $1.5772, where AVA has faced selling pressure in the past 24 hours. A breakout above this level could see the price targeting $1.60 as the next significant resistance.
Support: The key support level is near $1.35 (MA(99)), with additional support around $1.40. A dip towards these levels could present an opportunity for buying.
Key Target for the Bulls: If the price manages to break above $1.5772, the next major target would be $1.60, followed by $1.65 if momentum continues.
Conclusion:
/USDT is currently in a bullish phase, with a strong price increase over the past 24 hours. The next major hurdle for AVA is the $1.5772 resistance. If this level is broken, further upside to $1.60 or even $1.65 is possible. #BTCNextMove #USUALAnalysis #CorePCESignalsShift #ElSalvadorBTCReserve #USJoblessClaimsFall