🚨 $AVAX /USDT Technical Analysis: Watch These Critical Levels! 🚨

$AVAX is trading at $42.31, down 13.95%, indicating significant bearish pressure. Here are the key levels traders need to monitor to capitalize on the next move.

Key Levels to Watch:

1️⃣ Resistance Level 1: $45.00

A breakout above this level could signal a recovery, potentially attracting buyers.

2️⃣ Resistance Level 2: $48.00

Surpassing this level may confirm strong bullish momentum, targeting higher prices.

3️⃣ Support Level: $40.40

This is a critical support zone. A breakdown below could lead to further bearish momentum.

Trade Setup:

📈 Bullish Scenario:

If AVAX breaks above $45.00, potential upward targets are $48.00 and $50.00, indicating a trend reversal.

📉 Bearish Scenario:

A drop below $40.40 could push the price toward $38.00 or lower, reflecting continued selling pressure.

Market Insights:

24H High: $49.79

24H Low: $40.40

Volume: Over 9.24M AVAX traded, reflecting heightened market activity amidst the decline.

💡 Pro Tip: Watch price action closely near these critical levels. Confirm breakouts or breakdowns before entering trades, and manage risk with tight stop-losses in this volatile market.

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