$AVAX /USDT – BEARS IN CONTROL AS PRICE STRUGGLES BELOW KEY MOVING AVERAGES

Immediate Market Move: Bearish

The price of $AVAX/USDT is showing clear bearish pressure as it trades at $17.08, very close to its 24h low of $16.94. With the MA(7) at $17.29, MA(25) at $17.43, and MA(99) at $18.03, the price is trading below all key moving averages — a classic bearish signal. The downward momentum is further confirmed by a -2.57% 24h drop, suggesting continued seller dominance. Unless the bulls reclaim at least the 7-day MA soon, a further dip appears likely.

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Trade Setup:

Short Entry: $17.10 – $17.25

Take Profit (TP): $16.60 / $16.20

Stop Loss (SL): $17.55

Market Outlook:

AVAX is currently in a short-term downtrend, struggling to hold support. Volume data indicates heavier selling interest (33.60M USDT in 24h volume), aligning with the bearish price structure. Bulls need to regain strength above $17.50 to shift momentum.

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