๐ AVAX Live Price Overview
Current Price: Around $23.63 USD
24-Hour Range: $22.09 โ $23.58
Market Cap: About $9.91 billion
Circulating Supply: Approximately 420.57 million AVAX tokens
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๐ Technical Analysis
๐น Support and Resistance Levels
Immediate Support: $22.67
Key Resistance Levels: $26.03, $27.09, and $27.72
The price is currently testing a key support at $22.75, which was previously a strong resistance. If the price falls below this level, a deeper decline is possible.
๐น Moving Averages (SMA)
50-Day SMA: Estimated at $19.86
200-Day SMA: Expected to drop to $24.26 by June 17, 2025
The current price is moving around the 200-day SMA, which suggests a potential trend change.
๐น Relative Strength Index (RSI)
The 4-hour chart RSI is showing a bearish divergence โ the price is making a higher high, but RSI is making a lower high. This is a common signal of a possible upcoming correction.
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๐ฎ Price Forecast
Short-Term Prediction: AVAX could drop to about $22.20 by May 20, 2025, indicating a possible 8.96% decrease.
Long-Term Prediction: If AVAX holds above the $19.00 support zone, analysts expect it could rise up to $42.91 by November 2025.
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๐ Trading Strategy
Short-Term Traders:
Entry Point: Consider buying if the price stays above $22.67.
Exit/Profit Target: Sell around $26.03 or $27.09.
Stop-Loss: Set below $22.00 to limit risk.
Long-Term Investors:
Accumulation Zone: Between $19.00 โ $22.00.
Target Price: Long-term profit target is $42.91 (by end of 2025).
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Note: Cryptocurrency markets are highly volatile. Always do your own research and manage your risk properly before making any trading decisions.
Let me know if you want a visual chart or personalized trading strategy based on your budget or goals.