buy on weakness

AVAX Tests $24 Support as Bullish MACD Emerges

I see Avalanche ($AVAX) retracing to $24 after a 5.4% drop, currently testing a key support level. The pullback looks like a healthy correction rather than a trend reversal.

Technicals show bullish MACD momentum emerging, which suggests buyers may be re-entering. I'll watch for confirmation of support at $24 and prefer buying on weakness if that level holds with improving volume.

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Analysis

Price fell ~5.4% to $24, touching a short-term support zone. Bullish MACD indicates momentum is shifting back to buyers, but the support needs confirmation via price action and volume before a sustain...

Recommendation

Prefer a buy-on-weakness approach: accumulate near the $24 support if it holds and watch for confirming signals (rising volume, candlestick confirmation). Use disciplined risk management and a stop un...

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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