AVAX/USDT Pushes Past Consolidation: Will Bulls Maintain Momentum?
AVAX/USDT is currently trading at 22.67 USDT, reflecting a +1.30% increase. The price has risen above the VWAP level of 22.32 USDT, indicating bullish momentum. However, AVAX is still below the 200-period moving average at 22.49 USDT, which represents a key resistance point. The market may face challenges at this level before a more significant uptrend can take place.
The RSI is currently at 64.83, suggesting that the market sentiment is moderately bullish, though approaching overbought territory. The MACD histogram shows positive momentum, with the MACD line at 0.17 well above the signal line at 0.05, indicating sustained buying pressure.
On the second chart, AVAX is breaking out of a consolidation range, with support around 21.00 USDT and the price pushing toward the upper boundary at 23.00 USDT. A clear breakout and close above this resistance could signal further upside toward the next major resistance levels around 25.00 USDT.
AVAX/USDT is showing positive momentum as it breaks out of a consolidation range, testing key resistance levels around 22.50 USDT. A successful breakout above 23.00 USDT could trigger a continuation toward 25.00 USDT. However, failure to break out of this range might lead to a retest of support around 21.00 USDT.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
