🚀 Technical Analysis: AVAX/USDT - Bullish Momentum & Key Targets 🎯
As of the latest market data, AVAX/USDT is showing strong bullish momentum, up +10.86% over the last 24 hours, currently priced at $35.31. Let's break down the technical outlook and identify some key price targets for traders to watch. 🔍
Key Levels to Watch:
1. Target 1: $35.44 (24h High)
AVAX has recently reached a high of $35.44, and this level will be crucial to watch for continuation. A successful break above this level could signal further bullish momentum towards the next resistance zone.
Action: Watch for price action around this level to confirm whether buyers remain in control.
2. Target 2: $36.50 (Next Resistance Zone)
If the price breaks the $35.44 resistance, the next logical target is the $36.50 area, which could be a key point where the upward trend might face some selling pressure. This could be an ideal area to secure profits or watch for reversal signals.
Action: A close above $35.44 and continued strength could push the price toward this level. Watch for volume confirmation.
3. Target 3: $38.00 (Extended Target)
In the longer term, if the market continues to favor the bulls, $38.00 is a strong psychological resistance level. Here, we may see profit-taking from long-term holders or larger sell orders, potentially causing a pullback.
Action: Monitor RSI and MACD for signs of overbought conditions as the price approaches $38.
