$AVAX SELLERS PRESSURE THE FLOOR: WILL $23 HOLD OR GIVE WAY?
$AVAX is currently trading at $23.05, down a sharp -10.73% over the last 24 hours. After a heavy drop from the $25.83 high, the price is now clinging to minor support just above $23. Volume is light at 13.74K, and sell-side orders are catching up, though buy interest is slightly higher at 51.97%.
Price Snapshot:
• Current: $23.05
• 24h High: $25.83
• 24h Low: $22.87
Support/Resistance Levels:
• Support Zone: $23.00 – $22.87
• Resistance Zone: $23.20 – $23.30
Trade Setup:
• Bullish Entry: Only on confirmed breakout above $23.20
• TP1: $23.50
• TP2: $23.95
• SL: Below $23.00
• Bearish Entry: If $23.00 breaks with strong candle
• TP1: $22.70
• TP2: $22.20
• SL: Above $23.20
$AVAX is sitting on a slippery ledge at $23.00. If this level holds, bulls might push a relief rally. If not, expect another leg down. Watch closely for the next 15m candle reaction.