From the image, we can deduce that the AVAAI/USDT currency is currently in a short-term bullish position, but it is still within a lower price range compared to its previous peak.
Here is the technical analysis based on the displayed data:
1. Current price and movements:
Price: 0.04973 USDT (+42.98% in the last 24 hours)
Highest price in the last 24 hours: 0.05272
Lowest price in the last 24 hours: 0.02956
Trading volume is relatively high (13.76M AVAAI), reflecting notable activity today.
2. Moving Averages (MA):
MA10 (0.03400) < current price → positive signal in the short term.
MA30 (0.04938) ≈ current price → approaching a resistance point.
MA60 is unclear from the image, but the general trend is away from previous peaks.
3. Relative Strength Indicators (RSI):
RSI6 = 60.01 → in the neutral zone leaning towards bullish, has not yet reached the overbought stage (70).
RSI12 = 52.11 and RSI24 = 49.82 → reflect the beginning of positive momentum.
4. Williams Indicator (WR):
WR6 = 30.66 → close to the overbought level, which may indicate the likelihood of profit-taking soon.
5. KDJ Indicator:
The %K line at 36.23 and the %D line at 25.78 → there is still room for upward movement, but if a bearish crossover occurs, we may see a decline.
6. Overall outlook:
Nearby support: 0.034 – 0.036
Nearby resistance: 0.052 – 0.055 (a strong breakout above may open the way for levels of 0.08)
The currency has undergone a long downward phase from the peak of 0.337, and the current rise may be a Relief Rally, not necessarily the beginning of a long-term bullish trend unless trading volume indicators confirm and stabilize above resistance.
Summary:
If you are considering entering, it is best to wait for confirmation of a breakout at 0.052 with strong trading volume to avoid the false breakout trap.
If you are in the trade, monitoring the mentioned resistance and taking some profit as you approach it may be a safe step.
