🚨 Technical Analysis for $AVAX Coin | 4-Hour Frame
🔹 Current Price: $6.80 📉 (-1.46% in 24h)
– It moves within a neutral horizontal range without a clear direction, reflecting trader hesitation and volatility.
– The price swings between support and resistance zones without any clear resolution of the trend yet.
– The $6.59 – $6.45 area represents the main support / demand.
– It is trading below level 50 at 47.12, indicating weakness in the current momentum.
🔼 Bullish Scenario (Upward):
If it holds and breaks above $7.19
🎯 $7.34 – $7.64 – $7.96$
🔽 Bearish Scenario (Downward):
If it breaks $6.79 with a 4-hour close
❌ $6.59 – $6.45 – $6.37$
📌 Note: Breaking either of the key levels will determine the next direction.
$AVAX #AVAX
🔹 Current Price: $6.80 📉 (-1.46% in 24h)
– It moves within a neutral horizontal range without a clear direction, reflecting trader hesitation and volatility.
– The price swings between support and resistance zones without any clear resolution of the trend yet.
– The $6.59 – $6.45 area represents the main support / demand.
– It is trading below level 50 at 47.12, indicating weakness in the current momentum.
🔼 Bullish Scenario (Upward):
If it holds and breaks above $7.19
🎯 $7.34 – $7.64 – $7.96$
🔽 Bearish Scenario (Downward):
If it breaks $6.79 with a 4-hour close
❌ $6.59 – $6.45 – $6.37$
📌 Note: Breaking either of the key levels will determine the next direction.
$AVAX #AVAX