🔥 Avalanche Under Pressure: Is This the Calm Before the Storm? 🔥

$AVAX has dipped slightly to $23.46, down 0.68% as we witness some bearish momentum creeping in. The 15-minute chart reveals the price struggling under short-term moving averages (MA 7, MA 25) at $23.56 and $23.58, while the 99 MA at $23.75 looms as a major resistance level. 😬

What's concerning is the lack of strong buying volume—only 26.5K on the most recent candle—signaling weak support from bulls. Combine that with the volatility indicator sitting at 33.22%, and it seems we could be in for more downside action. 📉

If AVAX breaks below $23.40, expect a more significant decline as there is no strong floor beneath that level. Keep an eye on the next few candles; a bounce back isn't out of the question, but for now, caution is key. 🚨

What do you think? Leave a comment, subscribe for more updates, and don't forget to share this post with your trading crew! 🎯💬

#Avalanche #CryptoAnalysis #AVAX #BearishTrends #MarketWatch