$AVAX Builds Momentum – Can Buyers Break the Next Resistance?
AVAX is trading around $6.665, up 7.69% over the last 24 hours after reaching a daily high of $6.735 and finding support at $6.181. Trading volume remains healthy at 2.64M $AVAX (around 17.09M USDT), showing that buyers are still active.
The recent recovery suggests bullish momentum is improving, but $AVAX is now approaching an important resistance zone. A successful breakout above $6.73 could attract more buyers and extend the rally. If the price falls below $6.40, short-term selling pressure may increase and lead to a pullback.
Trade Setup
📍 Entry Zone: $6.55–$6.65
🎯 Target 1: $6.85
🎯 Target 2: $7.10
🛑 Stop Loss: Below $6.40
📊 Bias: Bullish while AVAX holds above key support.
Momentum is improving, but it's still better to wait for a confirmed breakout or a strong bounce from support before entering a trade. Always use proper risk management.
#SpaceXStarshipCompletesFirstTestFlightSinceListing
#Nasdaq100FallsInBackToBackWeeklyLoss
#AVAX #Avalanche #cryptotrading
AVAX is trading around $6.665, up 7.69% over the last 24 hours after reaching a daily high of $6.735 and finding support at $6.181. Trading volume remains healthy at 2.64M $AVAX (around 17.09M USDT), showing that buyers are still active.
The recent recovery suggests bullish momentum is improving, but $AVAX is now approaching an important resistance zone. A successful breakout above $6.73 could attract more buyers and extend the rally. If the price falls below $6.40, short-term selling pressure may increase and lead to a pullback.
Trade Setup
📍 Entry Zone: $6.55–$6.65
🎯 Target 1: $6.85
🎯 Target 2: $7.10
🛑 Stop Loss: Below $6.40
📊 Bias: Bullish while AVAX holds above key support.
Momentum is improving, but it's still better to wait for a confirmed breakout or a strong bounce from support before entering a trade. Always use proper risk management.
#SpaceXStarshipCompletesFirstTestFlightSinceListing
#Nasdaq100FallsInBackToBackWeeklyLoss
#AVAX #Avalanche #cryptotrading