$AVAX is facing selling pressure today amid weakness across the broader crypto market. The price is struggling to maintain bullish momentum, while technical indicators suggest that sellers remain in control.
Key Levels to Watch:
Support 1: $8.016
Support 2: $7.78
Resistance 1: $8.44
Resistance 2: $8.92
Bullish Scenario 🟢: A strong breakout and daily close above $8.44 could open the door toward $8.92.
Bearish Scenario 🔴: A breakdown below $8.016 could trigger another move toward $7.78.
My View: $AVAX remains bearish in the short term. Traders should wait for confirmation before entering new positions. A recovery above resistance would be the first sign of improving momentum.
⚠️ Trade carefully and manage your risk. This is market analysis, not financial advice.
#AVAX✅ #BinanceReopensWithdrawalsForMoreAssets #AnthropicIPOValuationDoubts #Write2Earn
Key Levels to Watch:
Support 1: $8.016
Support 2: $7.78
Resistance 1: $8.44
Resistance 2: $8.92
Bullish Scenario 🟢: A strong breakout and daily close above $8.44 could open the door toward $8.92.
Bearish Scenario 🔴: A breakdown below $8.016 could trigger another move toward $7.78.
My View: $AVAX remains bearish in the short term. Traders should wait for confirmation before entering new positions. A recovery above resistance would be the first sign of improving momentum.
⚠️ Trade carefully and manage your risk. This is market analysis, not financial advice.
#AVAX✅ #BinanceReopensWithdrawalsForMoreAssets #AnthropicIPOValuationDoubts #Write2Earn