Crypto:
33910
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$98.223
% 1.89
BTC Dominance:
%60.3
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Market Cap:
$3.24 T
% 2.17
Fear & Greed:
49 / 100
Bitcoin:
$ 98.223
BTC Dominance:
% 60.3
Market Cap:
$3.24 T

AVAX Returns to Key Support Zone: Will the Decline Continue?

Avax Ce

AVAX has returned to the order block zone where it previously found support and is currently moving sideways in this region. However, the overall downtrend remains intact, posing a risk factor that investors should carefully consider.

Key Levels in the Daily Chart!

The $22.30 level stands out as a critical support zone for AVAX. If daily closings occur below this level, selling pressure could increase, leading to further price declines.


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Recently, AVAX has been attempting to hold above the $22.30 zone, but price movements indicate that buyers are not yet strong enough. If a significant bounce does not materialize from this level, the search for new support levels at lower price points may come into play.

Avax
Avax/Usdt Pair 1-Day Chart.

Downtrend Continues in the 4-Hour Chart!

In the 4-hour chart, a minor uptrend has been broken, and the price has retested the Fair Value Gap (FVG) level during the decline before resuming its downward movement.

Currently, the $23.66 level has become a crucial support point for AVAX. The price is holding at this level for now, but without a fresh wave of buying interest, the potential for an upward move remains limited.

For AVAX to regain upward momentum, it must achieve a close above the most recent FVG zone. If this does not happen, the downtrend may persist, and new lower price levels could be tested.

Avax
Avax/Usdt Pair 4-Hour Chart.

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