> 📊 Technical analysis for currency $AVAX – 4-hour timeframe:
▪️ The price is currently trading at $28.5 after a strong rebound from the support level of $27.2.
▪️ The most important resistance now is at $29.8, and breaking through it could push the price towards $31.5.
▪️ Failing to break the resistance will bring the price back down to the support again at $27.2 – $26.8.
▪️ The MACD indicator is giving a bullish crossover, and the RSI is still in neutral territory with an upward trend.
🔥 The overall trend is bullish in the short term, provided it breaks $29.8.