$AVAX /USDT – CONSOLIDATION NEAR SUPPORT, BULLS PREPARING NEXT MOVE
Avalanche is trading at $28.73, holding modest gains of +2.24% on the day. Price recently tested $29.13 but faced resistance, leading to consolidation around the short-term moving averages (MA7 at $28.80 and MA25 at $28.85). The MA99 at $28.46 is acting as a solid base, keeping the bullish structure intact.
As long as $AVAX holds above $28.50–$28.60 support, it remains positioned for another push toward $29.10–$29.60. A breakout above $29.60 could open the way for momentum toward $30+.
Long Trade Setup:
Entry: $28.65–28.80
Targets (TP): $29.10 / $29.60
Stop Loss (SL): $28.40
$AVAX is consolidating tightly, and this price action suggests bulls are gathering strength for a potential breakout.