$AVAX /USDT Showing Sideways Consolidation After Recent Swings
Hey everyone,
Here's the latest snapshot of the $AVAX /USDT chart. The current price of Avalanche is at $21.12, showing a slight decrease of -1.81% recently.
Looking at the 24-hour data, the High was $21.94 and the Low touched $20.36. The 24h Volume stands at 2.10M AVAX, which is equivalent to 44.39M in USDT.
The chart over the past day shows some significant price swings, with a clear high and low established. However, the more recent price action appears to be consolidating in a sideways range, roughly between the $21.00 and $21.50 levels. The candlesticks are relatively small, suggesting a decrease in strong buying or selling pressure at the moment.
Traders might be waiting for a clear break out of this consolidation range to determine the next direction for AVAX. A break above the recent high could signal renewed bullish momentum, while a drop below the recent low might indicate further bearish pressure.
What are your thoughts on AVAX's current consolidation? Do you anticipate a breakout soon, or will this sideways movement continue? Share your analysis!
