🔹 General Overview AVAX 2 Hour Analysis $AVAX
• Current price is at 24.95 USDT level.
• Last 24-hour range: 24.13 – 25.20.
• The chart shows a short-term recovery signal, especially after the rise from the low of 22.19 → 26.77, with a small correction and consolidation observed.
⸻
🔹 Moving Averages (MA)
• MA(7): 24.69
• MA(25): 24.66
• MA(99): 24.43
👉 Short-term averages (7 and 25) are nearly at the same level and just below the price, indicating they are providing support.
👉 MA(99) is also slightly below the price and shows an upward trend. This supports the possibility of a positive trend in the medium term.
⸻
🔹 RSI (Momentum)
• RSI(6): 59.15
• RSI(12): 57.06
• RSI(24): 54.50
👉 RSI values are above 50, indicating that there is upward momentum, but not in overbought territory. This suggests that the price may continue to move upwards.
⸻
🔹 MACD (Trend Strength)
• DIF: 0.12
• DEA: 0.09
• MACD: 0.03
👉 MACD is in the positive zone, above the signal line. This strengthens the likelihood of the upward trend continuing.
⸻
🔹 Support – Resistance Levels
• Support: 24.40 – 23.98 – 22.19
• Resistance: 25.20 – 26.00 – 26.77
👉 Especially if 25.20 is broken, it is likely that the price will test the range of 26.00 – 26.77.
👉 On the downside, the 24.40 level is the first support. If it drops below this, 23.98 may be tested again.
⸻
📊 Conclusion
• The upward trend is currently maintained.
• If the price breaks above 25.20, the short-term target could be 26 – 26.77.
• However, if it falls below 24.40, the downward momentum will increase and the supports at 23.98 – 22.19 will come into play.