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AVAX

Avalanche Tests $24 Support; MACD Signals Potential Rebound

I'm watching Avalanche at $24 after a 5.44% pullback that is testing short-term support near $24. The decline appears to be a corrective move within a still constructive context.

Technicals show emerging bullish MACD momentum, suggesting buyers may be re-entering and a rebound is possible if support holds.

I would consider buying on weakness around the support level or waiting for a clearer MACD-confirmed bounce before adding exposure.

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Analysis

The 5.44% drop to $24 is testing a key short-term support while MACD shows bullish momentum emerging. This combination points to a controlled pullback rather than a breakdown, making it a potential bu...

Recommendation

Consider a buy-on-weakness approach near $24 with a tight stop below support, or wait for a confirmed MACD-driven rebound to reduce downside risk.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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