$AVAX Update
Liquidation Alert: $2.5518K long liquidated at $42.5296.
Overview: Avalanche ($AVAX) is a high-speed, scalable blockchain designed for DeFi, NFTs, and enterprise solutions.
It is known for its low fees and quick transaction speeds.
Next Move Prediction
Trend: Bearish pressure due to long liquidations, showing sellers are in control.
Expectations: If it breaks below support, further downside is likely.
A recovery could begin if bulls regain strength near resistance.
Support and Resistance
Support: $40.50 (Key level for buyers to defend)
Resistance: $45.00 (Major barrier for upward movement)
Action Plan
Sell: If $AVAX loses the $40.50 support, expect more downside.
Buy: Only if the price holds above $42.50 and pushes toward $45.00 with strong volume.
Caution: Monitor volume and broader market sentiment before entering a position.
$AVAX is at a critical zone—trade carefully as the market remains volatile!