🚨 $AVAX USDT: Buyers Need to Prove Themselves Here.
$AVAX is trading around $8.93 on the 4H chart, but the structure still looks weak to me.
After a strong move from the $7 area toward $12, price failed to hold its highs. Since then, we have seen lower highs and lower lows. Sellers are still controlling the short-term trend.
• Key Levels I'm Watching:
Resistance: $9.20–$9.50
Major Resistance: $10.00–$10.30
Support: $8.70–$8.75
Next Support: $8.00
• My Chart Read:
Price is now sitting close to the $8.70 support zone. If buyers defend this area and push price above $9.20–$9.50, we could see a relief move toward $10.
But if $8.70 breaks with strong selling, #AVAX could move lower toward the $8.00 area.
One thing I don't like here is the series of lower highs. A small bounce alone is not enough to confirm a trend reversal.
Now I'm watching one thing closely:
Will #AVAX hold $8.70 and give buyers a chance, or will sellers push it toward $8.00 next?
What's your view — bounce from support or breakdown to lower levels? Tell me your reason in the comments.
This is my personal chart analysis for educational purposes only. Not financial advice. Always manage your risk.
$AVAX is trading around $8.93 on the 4H chart, but the structure still looks weak to me.
After a strong move from the $7 area toward $12, price failed to hold its highs. Since then, we have seen lower highs and lower lows. Sellers are still controlling the short-term trend.
• Key Levels I'm Watching:
Resistance: $9.20–$9.50
Major Resistance: $10.00–$10.30
Support: $8.70–$8.75
Next Support: $8.00
• My Chart Read:
Price is now sitting close to the $8.70 support zone. If buyers defend this area and push price above $9.20–$9.50, we could see a relief move toward $10.
But if $8.70 breaks with strong selling, #AVAX could move lower toward the $8.00 area.
One thing I don't like here is the series of lower highs. A small bounce alone is not enough to confirm a trend reversal.
Now I'm watching one thing closely:
Will #AVAX hold $8.70 and give buyers a chance, or will sellers push it toward $8.00 next?
What's your view — bounce from support or breakdown to lower levels? Tell me your reason in the comments.
This is my personal chart analysis for educational purposes only. Not financial advice. Always manage your risk.
