Technical Analysis - AVAX/USDT (1D Chart)

Price: $25.49 (+1.31%)

Support: $23.66, $17.29

Resistance: $32.30, $40.77

Moving Averages:

MA(7): $25.17 (acting as immediate support)

MA(25): $32.06 (strong resistance)

MA(99): $38.04 (long-term resistance)

Trend:

Strong downtrend from $55.79, with recent consolidation.

Possible short-term rebound after touching $23.66.

Volume: Increasing, indicating potential reversal or short-term recovery.

Key Levels:

Holding above $25 could indicate further upside.

A break below $23.66 could resume bearish trend.

Outlook: Bearish overall, but potential for a short-term bounce. Needs confirmation.