$AVAX The upward movement faces resistance at $29, but a positive sign is that the buyers have not given ground to the bears. This suggests that the bulls are maintaining their buying pressure, increasing the probability of a break above the resistance. If that happens, the AVAX/USDT pair could rise towards the 50-day SMA ($32.78).

On the contrary, if the price drops sharply from the current level, it will signal that the bears have turned the $29 level into resistance. Then, the pair could retest the June 24 intraday low of $23.51.