📉 Technical Analysis – Avalanche (AVAX/USDT) | 07/24/2025
🔸 4H Chart
• AVAX respected the support at $23.15, exactly at the Fibonacci retracement.
• Still in a downtrend, with lower highs.
• Weak volume and negative MACD, with no clear reversal signal.
• Stoch RSI oversold, indicating a possible short-term bounce.
🔸 1H Chart
• Immediate support: $22.81
• Nearby resistance: $23.85
• Stoch RSI overbought, showing that the pullback may lose strength.
• MACD trying to cross upwards, but still without strong confirmation.
🎯 Summary: AVAX held at the Fibonacci retracement and may seek a slight upward correction, but the overall structure remains weak. A break below $22.8 would indicate new selling pressure.