🚨 $AVAX /USDT – Oversold Bounce or More Pain Ahead? 🧊🔥
$AVAX is currently trading at $18.04, down -3.37%, nearing its 24h low. With RSI dipping toward oversold, is a rebound coming—or is further downside on the cards? Let’s analyze it! 👇
📊 Market Overview
📍 Current Price: $18.04
📈 24h High: $18.90
❄️ 24h Low: $18.01
📊 Parabolic SAR: Above price – Downtrend still active
📉 MACD Momentum:
DIF: Bearish slope
DEA: Below zero
MACD: Negative bias, watch for reversal signs
📈 RSI(6): 33.63 – Approaching oversold territory (watch for bounce)
📈 AVAX Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If AVAX Holds Above $18.00):
Entry: Above $18.10
Targets: $18.61, $19.33, $20.06+
Stop-Loss: $17.50
🔹 Bearish Scenario (If AVAX Breaks Below $18.00):
Entry: Below $18.00
Targets: $17.20, $16.80, $15.90
Stop-Loss: $18.61
🔍 What’s the Market Saying?
✅ RSI near 30 = Reversal potential if support holds
✅ MA(7), MA(25) < MA(99) = Downtrend confirmed
✅ Volume: 2.07M AVAX, $38.06M USDT = Cautious interest, no panic yet
💡 Pro Tip:
🚀 Watch $18.61 – reclaiming it could confirm a trend reversal
⚠️ A clean break below $18.00 might trigger another leg down to $17.20
📢 Avalanche traders—are you scaling in or waiting for a confirmation bounce? Let’s discuss! 💬
🔥 LIKE & SHARE for more precision trading setups across Layer 1s! 🚀