AVAX trading strategy Archives - Coin Engineer https://coinengineer.net/blog/tag/avax-trading-strategy/ Btc, Coins, Pre-Sale, DeFi, NFT Fri, 30 May 2025 12:33:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png AVAX trading strategy Archives - Coin Engineer https://coinengineer.net/blog/tag/avax-trading-strategy/ 32 32 AVAX Tests Key Support As Uptrend Breaks – What’s Next? https://coinengineer.net/blog/avax-tests-key-support-as-uptrend-breaks-whats-next/ https://coinengineer.net/blog/avax-tests-key-support-as-uptrend-breaks-whats-next/#respond Fri, 30 May 2025 14:30:25 +0000 https://coinengineer.net/blog/?p=43489 In the midst of ongoing market volatility, AVAX has shown signs of weakness after losing its short-term uptrend. The price action on the 4-hour chart now points to a crucial support test that may determine the next directional move. Trend Break Sends AVAX Toward Key Support Level After breaking below the rising trendline on the

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]]> In the midst of ongoing market volatility, AVAX has shown signs of weakness after losing its short-term uptrend. The price action on the 4-hour chart now points to a crucial support test that may determine the next directional move.

Trend Break Sends AVAX Toward Key Support Level

After breaking below the rising trendline on the 4-hour timeframe, AVAX slipped to test the 21.29$ support level. Although some buying activity emerged at this zone, the price hasn’t yet re-entered the lost trend channel.

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If 21.29$ is broken with a 4-hour candle close, the next major support level to watch lies at 19.35$. Such a move could reinforce the bearish momentum and lead to further downside in the short term.

Retesting the Broken Trendline as Resistance

On the flip side, if AVAX continues to hold above 21.29$ and bounces from this level, the previously lost trendline will now act as a resistance. Reclaiming that level would be a signal of strength and could pave the way for a short-term recovery.

AVAX
AVAX/USDT pair 4-hour chart.

Traders should monitor volume levels and 4-hour candle closures around this zone to better interpret whether the market favors continuation or reversal.

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