$AVAX /USDT – BEARS REGAIN CONTROL AS PRICE SLIPS BELOW $28 SUPPORT!
$AVAX has turned bearish, dropping -6.47% in the last 24 hours to trade near $28.18, after failing to sustain above the $30.00 resistance zone. On the 4H chart, the price is trading below the EMA-20 and EMA-50, signaling short-term weakness. MACD shows increasing bearish momentum, while Bollinger Bands widen downward — indicating stronger volatility and continued sell pressure. The Parabolic SAR remains above price candles, confirming that sellers are dominating. If the $27.80 support fails, AVAX could extend losses toward $27.00–$26.50 in the short term.
🔹Trade Setup:
Position: Short (Sell)
Entry: $28.20 – $28.60
Take Profit (TP): $27.80 / $27.00 / $26.50
Stop Loss (SL): $29.60
📊 Market Outlook:
Market sentiment for AVAX remains cautiously bearish as traders lock in profits from recent highs. Unless the price reclaims the $29.50–$30.00 zone, the path of least resistance remains downward. Short-term traders should watch for a breakdown below $27.80 for confirmation of further downside continuation.
