$AVAX /USDT - Bears still dominate the market as the bearish trend continues

AVAX is trading at $23.37, down 7.77% over the past 24 hours, showing clear signs of ongoing bearish pressure. After being strongly rejected from the peak of $26.54, the price continues to decline with no signs of a bullish reversal so far.

The market has just recorded a new local low at $23.26, and sellers are still pushing the price down. This confirms that the bears are still completely in control, and any sudden rebound may face quick resistance.

If this trend continues, $AVAX may drop towards the support area between $22.50 and $22.00. Short-term traders should exercise caution and avoid entering long positions until a strong reversal candle or consolidation appears.

Watch for:

Key resistance level: $24.00 - $24.50

Key support level: $22.50 - $22.00

Be cautious. This decline may provide short-selling opportunities, but only with proper risk management.

Trade here at the number $AVAX