$AVAX STRUGGLING TO HOLD – CAN BUYERS DEFEND THIS LEVEL?
$AVAX/USDT is trading at $19.51, still in a clear downtrend after rejecting from the $20.24 zone earlier. Despite slight intraday support, momentum remains weak. Volume is low at 5.20K, with a slight buy-side bias (52.94%)—but bulls need to step in fast.
Chart Snapshot – 15m Timeframe:
• Current Price: $19.51
• Day Range: Low $19.39 – High $20.24
Support Zones:
• $19.39 – Local low (key support zone)
• $19.20 – Next critical support if the current floor breaks
Resistance Zones:
• $19.60 – Short-term resistance
• $19.78 – Mid-level resistance to flip the trend
• $20.00 – Psychological and structural resistance
Trade Setup – Reversal Watch:
• Entry Zone: $19.48 – $19.52 (if price holds support)
• TP1: $19.60
• TP2: $19.78
• TP3: $20.00
• Stop-Loss: Below $19.39
If bulls can reclaim above $19.60 with volume, we could see a small relief bounce. Otherwise, the trend favors sellers—watch for breakdowns if $19.39 fails.