๐ $AVAX /USDT โ Sideways Chop After Hitting $23+ โ Breakout Loading? ๐
Current Price: $22.33 (+2.01%)
24H High: $22.64
24H Low: $21.77
24H Volume: 2.04M AVAX / $45.46M USDT
Market Insight:
AVAX made a push to $23.08 but failed to hold above $23.00, now consolidating between the 25 EMA and 7 EMA around $22.30. Price action is flattening out, suggesting indecision โ yet the uptrend structure remains intact.
EMA(7): $22.32
EMA(25): $22.24
EMA(99): $21.64
This tight price range often precedes volatility โ a break above $22.65 may trigger momentum.
Outlook:
Upside break above $22.70 could open $23.20โ$23.60. Losing $22.00 puts $21.65 back in play as support.
Pro Tip:
Wait for breakout confirmation with volume. Accumulate near $22.00โ$22.10 only if price holds the 99 EMA.
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