$AVAX , trading at $24.05, presents a notable trading opportunity within the smart contract and DeFi space. This price is near a key support zone around $23.50, which has held multiple times, signaling strong buying interest. If $AVAX stays above this level with healthy volume, traders might consider entering long positions targeting resistance levels near $26 and $28, where profit-taking could occur.
However, a break below $23.50 could indicate weakening momentum, potentially triggering a drop to the next support at around $21.50. Setting stop-loss orders just below $23.30 can help manage downside risk.
Monitoring trading volume and technical indicators such as RSI and MACD can provide additional insight into momentum shifts. An RSI near oversold levels may signal a buying opportunity, while MACD crossovers can confirm trend changes.
Overall, $AVAX at $24.05 offers a balanced setup for traders looking for gains, with clear support and resistance zones to guide risk management.
