Hello, Binance community! 👋
Taking a look at the AVAX/USDT chart, some interesting things catch the eye. We see that the price is currently around $20.19, after a correction of -2.65% today.
Analyzing the technical indicators, we see the MA(7) at 20.18, MA(25) at 20.03, and the MA(99) a little higher at 20.22. The volume in the last 24 hours for $AVAX was 1.06 million and for USDT, 21.45 million.
In the chart, we can notice some consolidation in this price range, which may indicate a possible entry point for those looking for short to medium-term opportunities. The RSI(6) is at 71.08, suggesting that the asset is not in oversold territory, but approaching a zone of caution.
It is important to remember that the cryptocurrency market is volatile and all analysis involves risks. Do your own research (DYOR) before making any investment decisions.
Disclaimer: This post is for informational purposes only and does not constitute financial advice.
What do you think of this analysis? Share your opinions in the comments! 👇
