$AVAX is currently experiencing a slight decline of -1.628% within the last 24 hours.
The price has fluctuated between 21.04 and 20.14, with current resistance at 20.92 and support at 20.14.
Bollinger Bands indicate a tight range, suggesting low volatility and potential for a breakout.
The overall market trend remains a downtrend, influenced by ongoing macroeconomic concerns like inflation and regulatory uncertainties.
Bitcoin's influence on AVAX is currently undefined, adding unpredictability to its movements.
Traders may consider a short-term approach given the current volatility and lack of clear bullish signals.
Key takeaway: Monitor macroeconomic events closely, as they can significantly impact AVAX's trajectory in the near term.
