TL;DR:
- AVAX trades between $21.40 support and $23.50 resistance pivot zones.
- Intraday strategy focuses on breakout opportunities and pullback trades.
- Technical indicators, including RSI and volume, suggest potential short-term recovery.
Avalanche (AVAX) continues to draw attention as traders analyze its price movements for short-term opportunities. Recent technical indicators suggest AVAX is testing critical pivot zones, signaling potential breakout or reversal points. With the broader crypto market experiencing volatility, traders are closely monitoring support and resistance levels to optimize entry and exit points, balancing risk and reward in intraday trading.
Key Technical Levels and Intraday Strategy
AVAX finds support around $21.40, while resistance is seen near $23.50, creating a clearly defined trading range for intraday strategies. Traders are using this range to plan high-probability trades, with breakouts above resistance potentially leading to bullish momentum, while breaches below support could trigger further downside. The pivot zones act as reference points for stop-loss placements and profit-taking, helping manage risk effectively.
The intraday trade plan highlights a potential bounce if AVAX holds above the pivot level, suggesting short-term buyers may step in around current levels. Indicators such as moving averages and volume trends support the likelihood of short-lived rallies, although caution remains necessary amid sudden market swings. Traders are advised to monitor price action closely before committing significant capital.
AVAX’s relative strength index (RSI) currently shows mild oversold conditions, indicating room for a short-term recovery if demand picks up. Market participants are watching for convergence between RSI and pivot levels, which could signal an optimal entry point. This interplay between technical indicators and price action forms the core of the intraday plan, aiming to capture small but consistent gains.
Volume patterns reinforce key trading zones, with higher liquidity expected around pivot points. As AVAX navigates the $21.40–$23.50 range, intraday strategies focus on capturing moves triggered by either trend continuation or temporary pullbacks. Traders are reminded that abrupt volatility can impact even well-planned setups, highlighting the need for disciplined execution and adherence to technical guidance.
