Market Price & Data Overview
Current price: $22.03 USD
24h trading volume: ~$539 million USD
Market capitalization: ~$9.2 billion USD
24h volatility: +7.18%
7-day volatility: +2.2%
Data source: CoinMarketCap, CoinGecko
📰 Top News in the Last 24 Hours
AVAX growth in utility: AVAX is expanding its utility, with an increase in fantasy games, mobile trends, and digital value, changing how people decide when to buy cryptocurrency.
AVAX facing pressure: AVAX is trading in the range of $19.00 to $19.70 with mixed technical signals and a bearish short-term sentiment.
📈 Multi-Timeframe Technical Analysis
⏱️ 15M & 1H timeframe
RSI(14): ~68 – close to overbought
MACD: Positive, histogram expanding
Volume: Surge, confirming upward momentum
Commentary: Price breaks out of a downward pattern, may slightly retrace before continuing to rise.
⏱️ 4H timeframe
Pattern: Falling wedge – bullish reversal signal
Near resistance: $23.00 – $23.50
Near support: $21.00 – $21.50
Commentary: If it breaks $23.00 with high volume, the next target is $25.00 – $26.00.
📅 1D timeframe
EMA 50: $21.50
EMA 200: $28.14
MACD: Positive crossover
RSI(14): ~53.78 – neutral
Commentary: Price is testing the EMA 50, if it surpasses the EMA 200 it will confirm a long-term bullish trend.
💼 Suggested Trading Strategy
📌 Spot
Entry: When price breaks $23.00 with high volume
Take profit: $25.00 – $26.00
Stop loss: Below $21.00
📌 Futures
Long entry: When price breaks $23.00 with confirmation volume
Take profit: $25.00 – $26.00
Stop loss: Below $21.00
Note: Manage risk tightly due to high volatility.
🔮 Short-Term & Medium-Term Forecast
May 2025: Target $25.00 – $26.00 if it breaks resistance at $23.00 with high volume.
End of 2025: Price could reach $30.00 – $50.00 if the upward trend is maintained.
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