$AVAX Eyes Breakout — Momentum Building Above Key Support
AVAX/USDT is currently trading at $21.99, up +4.32% in the last 24 hours. After testing resistance near $23.00, the price has shown steady consolidation, suggesting that buyers are regaining control while sellers attempt to hold off a potential breakout.
The market appears to be at a decision point a clear move beyond this tight range could trigger the next directional wave for AVAX.
Key Technical Levels to Watch
Resistance Zones:
• $22.00 – $22.30: Immediate resistance area. A confirmed breakout above this could spark a push toward $22.80 and $23.30.
• $23.50: A strong upper barrier; closing above it may open doors to $24.00+ levels.
Support Zones:
• $21.70: Short-term support where buyers have previously stepped in.
• $21.00: A crucial level to maintain bullish structure. A breakdown here could invite further downside toward $20.70 and $20.30.
Trade Setup – Potential Scenarios
Bullish Scenario:
• Entry confirmation above $22.00 with strong volume.
Targets:
• TP1: $22.80
• TP2: $23.30
Stop-Loss: Below $21.60 to protect from false breakouts.
Bearish Scenario:
• A drop below $21.70 could shift short-term momentum bearish.
Targets:
• TP1: $21.00
• TP2: $20.70
Stop-Loss: Above $22.10 to limit risk on reversals.
Final Outlook
AVAX/USDT is displaying renewed strength after a series of lower closes. Maintaining price above $21.70 could confirm a continuation of the short-term uptrend, with eyes set on $22.80–$23.30 as next resistance levels.
However, losing the $21.00 support would signal caution and may lead to a retest of previous lows near $20.70.