$AVAX is currently trading at 21.2 USDT, within a bearish market structure.
A break above the resistance at 21.88 USDT could signal a potential breakout strategy.
Alternatively, traders may consider a pullback entry near the support level at 20.75 USDT.
With an RSI of 37.65, momentum remains weak, posing risks of further downside.
Additionally, macroeconomic events and Bitcoin's volatility can significantly impact AVAX's price action.
