$AVAX
š„ AVAX/USD Market Update: Eyes on the Next Breakout
AVAX/USD is trading at $36.87, navigating a critical juncture that could define its near-term trend. With market sentiment shifting, traders are closely monitoring this price for actionable setups.
š Support Zone: Key support is observed at $35.50, where buyers have historically stepped in to defend against further declines.
š Resistance Level: Immediate resistance is at $38.00, with a breakout above this level potentially triggering a rally toward $40.00 or beyond.
š” Entry Strategy:
For Dip Buyers: Enter near $35.50, with a stop-loss below $34.50, targeting $38.00 as the first upside level.
For Breakout Traders: Look for a confirmed move above $38.00 with strong volume to aim for $40.00 or higher.
ā” Market Outlook: As AVAX consolidates, volatility may soon provide a decisive move. Will bulls take charge, or will bears push the price lower? Stay alert for signals and capitalize on the next big opportunity!
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