AVAX / TetherUS
Long

AVAX: Resistance Breakout

244
Avalanche (AVAX) technical analysis:

Trade setup: Bullish break above $25 signals continuation of uptrend with upside potential to $30 near-term. Stop loss at $24. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend.

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance: Nearest Support Zone is $22.0 (previous resistance), then $18.3. The nearest Resistance Zone is $25.0, which it broke, then $30.0.

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