The current price of AVAX is around 23.775, up slightly by 1.09%.

A short-term uptrend is observed, with the price holding above a moving average (possibly an EMA) that serves as dynamic support.

The closest resistance is at 24.040 (with a limit order marked), indicating a possible sell target.

The most relevant support appears to be near 23.168, a level that has held the price in the past, as well as another stronger support at 22.592, close to the recent low at 22.589.

These levels could serve as important decision points: a break of the resistance could signal further upside, while a loss of the support could indicate a correction.

There is relatively high volume on some of the green bars, which suggests there is buyer support. Volume with a breakout (up or down) can be a confirmation of a move

The chart shows a series of rising highs and lows, a common pattern in uptrends.

However, the price is close to a resistance, which could lead to consolidation or even a possible breakout, depending on volume and momentum.

If a breakout of this resistance occurs with strong volume, it could be a good indication of a continuation of the move higher.

AVAX/USDT is in a short-term uptrend and appears to be approaching a key resistance.

A breakout above 24.040 with volume could suggest a continuation of the move higher.

However, if the price fails to break the resistance and the RSI approaches an overbought zone, it could indicate a possible correction or temporary reversal.

Observing the price action around the resistance and support at 23.168 could provide more clarity on the next move.

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