$AVAX Breakout or Pullback? – At a Crossroads
AVAX/USDT is currently trading at $23.98, down 0.7% on the session. After rebounding from $23.46 to a high of $24.29, price action is now consolidating just below resistance, signaling a possible breakout attempt or a pullback toward support.
Key Levels to Watch
• Resistance: $24.20 – A confirmed breakout above this level could send AVAX toward $24.60 and $25.00.
• Support: $23.80 – A breakdown below this may expose AVAX to downside risk toward $23.50 and $23.20.
Trade Setup – Volatility Expected
• Bullish Entry: A move above $24.20 with strong volume could target:
• Target 1: $24.60
• Target 2: $25.00
• Bearish Entry: A drop below $23.80 could trigger downside toward:
• Target 1: $23.50
• Target 2: $23.20
Market Sentiment
Order book shows 51% bid strength vs 49% asks, nearly balanced but slightly favoring buyers. A decisive move above $24.20 is needed for bulls to regain control, while losing $23.80 may tilt momentum back toward sellers.