#AVAX

Based on the 4-hour chart of AVAX/USDT, several key points can be highlighted for analyzing price movement for the coming week.

Technical Analysis:

1. EMA (Exponential Moving Averages):

• The price confidently holds above all major EMAs (7, 25, 99), confirming a strong upward trend. EMA(7) is at $44.91, serving as the nearest support.

2. MACD:

• The MACD indicator shows a positive value (0.13), indicating the continuation of the bullish momentum.

3. RSI (Relative Strength Index):

• RSI is approaching the overbought zone (65), suggesting a possible correction in the coming days.

4. Trading Volumes:

• Trading activity remains high, sustaining investor interest.

AVAX is likely to continue its growth and may reach the resistance level of $47.93 or higher. However, due to the overbought RSI, a short-term correction to $43.50 is probable. If the volumes remain high, the price could break $50.00 next week.

It is recommended to monitor the volumes and EMA levels for optimal entry points.