🚨 $AVAX /USDT – CURRENTLY IN A DOWNTREND 📉⚠️
Avalanche $AVAX is trading at $23.18, down -1.19% in the last 24 hours. The price action is showing signs of bearish momentum, as it's unable to hold above key resistance levels.
It recently tagged a 24h high of $24.35 but failed to maintain that level. The 24h low sits at $22.77, indicating selling pressure on rallies. Volume is decent with 2.73M AVAX traded and $64.17M in USDT volume, but not showing bullish confirmation yet.
🔻 MARKET OUTLOOK
• Trend: Bearish
• Bias: Wait and watch
• Support: $22.70
• Resistance: $24.35
TRADE STRATEGY (SHORT-TERM)
If Downtrend Continues:
• Short Entry: $23.20 – $23.40
• Target: $22.50
• Stop-Loss: $24.00
📌 PRO TIP: For a bullish reversal, AVAX needs to break and close above $24.50 with strong volume. Until then, trend remains under pressure. Best for short-term cautious entries only.
