$AVAX /USDT Chart Update - Consolidating for the Next Move? 🚀
Current Price: $21.23
Key Observations:
* Strong Uptrend: AVAX has shown a significant uptrend since July 9th, rising from $17.92.
* Testing Resistance: The price recently hit a high of $21.54 and is currently consolidating just below it.
* Moving Average Support: The price remains above MA(7) ($20.92), MA(25) ($20.32), and MA(99) ($18.57), indicating a healthy bullish structure.
* Volume Action: Volume has been robust during the uptrend, though it has slightly decreased during the recent consolidation, which is typical.
Short-Term Outlook:
AVAX is showing resilience and is consolidating near its recent highs. A breakout above $21.54 could signal further upward movement. Support levels around the MA(7) will be crucial to watch.