$AVAX /USDT Showing Upward Momentum After Testing Lows
Hey everyone,
Let's take a look at the $AVAX chart. The current price of Avalanche is at $21.65, showing a positive increase of +3.54% today.
Looking at the last 24 hours, AVAX ranged from a Low of $20.81 to a High of $21.87. The 24h Volume stands at 2.13M AVAX, which is equivalent to 45.62M in USDT.
The chart shows a clear bounce back from the 24-hour low. We can see a series of green candles forming, indicating buying pressure and upward momentum. The price is currently trading below the 24-hour high, suggesting it might be approaching a resistance level.
Traders will be watching to see if AVAX can break above the $21.87 resistance. If it does, we might see further bullish movement. On the downside, the $20.81 level remains a key support to monitor.
Key points to observe:
Resistance: The 24-hour high of $21.87 is the immediate resistance to watch. Breaking this could open the way for further gains.
Support: The 24-hour low of $20.81 is the key support level.
Momentum: The current momentum appears to be bullish after the bounce from the low.
What are your thoughts on Avalanche's current surge? Do you anticipate it will break the recent high, or will we see some resistance and potential pullback? Share your analysis!
