Market dynamics shift rapidly, and a few hours can make a meaningful difference. The information below reflects current market conditions and should not be interpreted as investment advice.
AVAX Technical Analysis
AVAX trades around $18.23, showing a 0.39% increase. It exhibits bullish momentum on the 1-hour chart and continued strength across the 4-hour timeframe. The daily trend remains neutral, while the broader weekly structure is bearish.
Momentum indicators show the Relative Strength Index (RSI) stabilizing at 54.89, and the Moving Average Convergence Divergence (MACD) suggesting bullish momentum. Volume has been consistent, confirming steady interest. Historical Volatility (HV10 ≈ 60) signals moderate conditions.
Key Levels and Trading Strategy
Key levels to monitor include support at $18.00 and $17.50, and resistance at $18.50 and $19.00. The Exponential Moving Average (EMA) stack shows EMA20 at 18.21, EMA50 at 18.34, and EMA200 at 20.17.
For traders, the short-term setup favors a bullish strategy. Opportunities may emerge if the price holds above $18.50 or rebounds from $18.00. A daily close beyond these zones would likely unlock momentum toward $19.00, while failure to defend support could invite a pullback to $17.50.
Broader Market Sentiment
Macro sentiment remains cautious, echoing trends observed across major cryptocurrencies like Bitcoin and Ethereum.