#AVAX MOST SEARCHED TOKEN ๐พ$AVAX Technical Analysis: Recovery After a Sharp Liquidity Sweep
$AVAX is showing an interesting recovery setup after the aggressive rejection from 8.317 and the sharp flush down to 7.000. Price has bounced back toward 7.664, suggesting buyers are defending the lower levels.
The 15M chart is still technically weak, with MACD in negative territory and price below the MA(25), EMA(25), and Supertrend. However, RSI around 36 is recovering from oversold conditions, which could support a relief move if buyers regain control.
Key levels to watch:
Support: 7.51, then 7.00
Resistance: 7.69โ7.83, then 8.09โ8.18
Major breakout level: 8.317
A clean reclaim of 7.83 could strengthen the bullish recovery and open the way toward 8.09โ8.18. Until then, this remains a recovery attempt rather than a confirmed trend reversal.
#CryptoTrading #Binance #Altcoins #TechnicalAnalysis $AVAX
$AVAX is showing an interesting recovery setup after the aggressive rejection from 8.317 and the sharp flush down to 7.000. Price has bounced back toward 7.664, suggesting buyers are defending the lower levels.
The 15M chart is still technically weak, with MACD in negative territory and price below the MA(25), EMA(25), and Supertrend. However, RSI around 36 is recovering from oversold conditions, which could support a relief move if buyers regain control.
Key levels to watch:
Support: 7.51, then 7.00
Resistance: 7.69โ7.83, then 8.09โ8.18
Major breakout level: 8.317
A clean reclaim of 7.83 could strengthen the bullish recovery and open the way toward 8.09โ8.18. Until then, this remains a recovery attempt rather than a confirmed trend reversal.
#CryptoTrading #Binance #Altcoins #TechnicalAnalysis $AVAX