$AVAX is currently trading at 0.5419 USDT, reflecting a neutral market structure with RSI at 49.51.
Key support is situated at 0.5202 USDT, while resistance looms at 0.5454 USDT.
A breakout strategy may be viable, targeting movement above the resistance level.
However, potential risks include Bitcoin's volatility and macroeconomic uncertainties that could impact the broader market.
Traders should remain cautious and attentive to external factors influencing price action.
