🔥 AVAX is heating up — but don’t FOMO!
Avalanche (AVAX) is up about 8% in 24 hours, and 24H volume is around $1.13B. Price action shows a strong recovery from the $10.34 area toward $11.4–$11.5.
📊 Technical Setup AVAX/USDT
Resistance: $11.47–$11.60
Breakout zone: $11.60+
Support: $11.14 / $11.00
Strong support: $10.55–$10.64
Hourly RSI is around 51.5, so momentum is not yet in an overbought condition. Price is also still above the EMA50, while volume is around $76M/hour, indicating fairly high activity.
🎯 Bullish scenario If AVAX can break out $11.60 with increasing volume:
➡️ Breakout/retest entry: $11.50–$11.65
➡️ TP1: $12.00
➡️ TP2: $12.60
➡️ Invalidation: back below breakdown at $11.00
🐻 Bearish scenario If it fails to break through $11.47–$11.60 and loses $11.00:
➡️ Potential retest: $10.64 → $10.55.
⚠️ This is a technical scenario, not a guarantee of profit. After a sharp move up, wait for volume confirmation rather than chasing the green candle.
AVAX breakout to $12—or will it retrace first to $11? 👇
#AVAX #Avalanche #AVAXUSDT #Crypto #Altcoin #CryptoTrading #TechnicalAnalysis #BinanceSquare
Avalanche (AVAX) is up about 8% in 24 hours, and 24H volume is around $1.13B. Price action shows a strong recovery from the $10.34 area toward $11.4–$11.5.
📊 Technical Setup AVAX/USDT
Resistance: $11.47–$11.60
Breakout zone: $11.60+
Support: $11.14 / $11.00
Strong support: $10.55–$10.64
Hourly RSI is around 51.5, so momentum is not yet in an overbought condition. Price is also still above the EMA50, while volume is around $76M/hour, indicating fairly high activity.
🎯 Bullish scenario If AVAX can break out $11.60 with increasing volume:
➡️ Breakout/retest entry: $11.50–$11.65
➡️ TP1: $12.00
➡️ TP2: $12.60
➡️ Invalidation: back below breakdown at $11.00
🐻 Bearish scenario If it fails to break through $11.47–$11.60 and loses $11.00:
➡️ Potential retest: $10.64 → $10.55.
⚠️ This is a technical scenario, not a guarantee of profit. After a sharp move up, wait for volume confirmation rather than chasing the green candle.
AVAX breakout to $12—or will it retrace first to $11? 👇
#AVAX #Avalanche #AVAXUSDT #Crypto #Altcoin #CryptoTrading #TechnicalAnalysis #BinanceSquare