$AVAX / USDT – Trading Sideways Near Key Levels! 🤔
$AVAX is currently trading at 22.19, showing minimal movement today. Looking at the 4-hour chart, we're seeing some sideways consolidation between the 24-hour high of 22.80 and the low of 21.72. What will be the next direction for $AVAX ?
Potential Scenarios:
* Breakout: If AVAX can break decisively above the 22.80 resistance with good volume, we might see a push towards higher targets.
* Breakdown: Conversely, if it breaks below the 21.72 support, we could see further downside.
* Continued Consolidation: It might continue to trade within this range in the short term, waiting for a catalyst.
Key Levels to Watch:
* Current Price: 22.19
* Recent High (Potential Resistance): 22.80
* Recent Low (Potential Support): 21.72
Keep an eye on the volume and price action to see which direction AVAX decides to take. Remember to conduct your own thorough analysis before making any trading decisions. Wishing everyone a thoughtful Sunday afternoon from Multan!
