AVAX/USDT Analysis: Key Breakout Opportunity
2025-01-18
Category: None

Avalanche (AVAX/USDT) is trading near $38.9, showing bullish signs after a potential breakout from the descending channel. The price is consolidating below $40, a key resistance. A breakout above this level could trigger upside targets of $50.

Key Levels:
Support: $35, $32
Resistance: $40, $43.2
Indicators:
RSI: Neutral at 48, signaling room for upward movement.
ADX: Trend strengthening with bullish momentum.
Volume: Rising, suggesting accumulation ahead of a breakout.
Trade Plan:
Entry: Above $42.5 with volume confirmation.
Targets: $50 (long-term).
Stop-Loss: Below $37.
A failure to break $40 could lead to a retest of $35 for a better entry. Watch volume closely for confirmation.

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