- AVAX faces resistance between $27.500 and $29.000, which has stopped price growth before.
- A breakout beyond $29.000 could confirm strength and drive the price toward $35.000.
- Strong support near $23.000 keeps the price steady, giving bulls a chance to push higher.
Avalanche’s (AVAX) action has caught the attention of traders as the TD Sequential indicator prints a signal on the weekly chart. The latest candlestick analysis on Binance’s AVAX/USDT contract suggests a shift in momentum, hinting at a trend reversal. As of the latest data, AVAX is trading at $25.331, registering a +1.89% gain over the previous session. The technical structure now raises the question: Is this the beginning of a recovery?
TD Sequential Buy Signal Emerges at a Crucial Level
The TD Sequential indicator, a tool for spotting trend exhaustion, has flashed a 9-buy signal on the weekly timeframe. This formation typically suggests a bounce or at least a short-term price reversal. Historically, when AVAX has formed similar setups, the market has responded with price action in the following weeks.
Adding to the bullish case, the latest weekly candlestick shows a hammer-like structure near a critical price support, reinforcing the likelihood of a rebound. The candle has a low of $23.838, a high of $25.882, and an open of $24.859, indicating that bulls are starting to regain control despite the recent sell-off.
Key Resistance and Support Levels to Watch
The price structure of AVAX highlights levels that traders should monitor closely. Immediate resistance lies between $27.500 and $29.000, a zone where previous price action has encountered selling pressure. This level represents a hurdle that bulls must overcome to confirm a shift in momentum.
Beyond this, the resistance zone is positioned between $35.000 and $37.500, marking an area where price rejections have occurred. A successful breach of the $29.000 level would serve as a confirmation of bullish momentum, increasing the likelihood of AVAX testing price ranges.
On the downside, support remains intact between $23.000 and $24.000, a demand zone where buyers have stepped in to defend against further declines. If the TD signal proves effective, AVAX could attempt a breakout past $27.500, a level that previously acted as a strong rejection point. Movement above $29.000 would further validate bullish strength, setting the stage for a potential rally toward the $35.000 resistance zone.
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