🔷 $AVAX /USDT – May 29, 2025

🏷️ Category: Layer 1 🔗

💰 Price & Info

Current Price: $22.87 (🔻 -1.34%)

24H High: $24.35

24H Low: $22.77

Volume: 2.75M AVAX | $64.62M USDT

📈 AVAX Price Analysis & Key Levels

🔹 Resistance: $23.60 / $24.35

🔹 Support: $22.60 / $21.80

📊 Market Insights

🔸 Fibonacci Retracement (Low $22.77 – High $24.35):

• 38.2% – $23.38

• 61.8% – $23.01

• Pivot – $23.15

🔸 ATR (14D): ±$0.85

📉 Volatility Range: $22.00 – $24.70

🚀 Bullish Scenario

✅ Breakout above $23.60 could push to $24.35 again

✅ Holding above $23.00 and reclaiming VWAP may support continuation

⚠️ Bearish Scenario

❌ Loss of $22.60 might trigger downside toward $21.80

❌ Failure to reclaim $23.15 could confirm mid-term weakness

📌 Trading Strategy – Neutral Bias

🛍️ Spot Trading

Buy Zone: $22.20 – $22.60

Targets: $23.60 / $24.35

Stop-Loss: $21.65

📉 Futures Trading

Long Setup: Entry $22.60 – $22.90

Targets: $23.60 / $24.25

Stop-Loss: $21.85

Short Setup: Entry $23.50 – $23.80

Targets: $22.70 / $22.00

Stop-Loss: $24.50

🛡️ Risk Management & Alerts

Support at $22.60 is fragile. Avoid over-leveraging during volatility windows. Track BTC’s movement for correlation triggers.

💡 Unique Insight – VWAP

VWAP: $23.05 → Current price below VWAP, showing sellers slightly in control. A reclaim above VWAP could flip sentiment bullish.

📌 Summary

$AVAX trades near key support with fading momentum. Price action between $22.60–$23.60 may define short-term trend direction.

❓Closing Question: Will AVAX reclaim strength above $23 and rally into June, or is a deeper pullback on the cards for Layer 1 giants?

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