Avalanche(AVAX) recent trading activity has significantly increased, with the 30-minute candlestick trading volume up by 39.9% quarter-on-quarter. Such abnormal fluctuations in trading volume often indicate that the market may be entering a critical period.
From a technical perspective, AVAX is currently hovering around 12.548 USDT. The key support level is at 12.443, only 0.83% away from the current price, and the entire support zone is distributed between 12.434 and 12.573. This dense support area provides a good entry opportunity for bulls.
In trading strategies, you can consider placing a buy order near 12.443 and setting a take-profit target at 12.767, which is the resistance level above. The increase in trading volume is often an important signal before a market move begins, and it is worth continuously monitoring AVAX's upcoming price performance and trading dynamics.
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PebbleHander
· 7h ago
I've seen many tricks to increase trading volume, but the question is whether it can hold up against that support level.
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RugPullSurvivor
· 13h ago
A surge in trading volume isn't necessarily a good sign. I got crushed last time during such a moment. Can AVAX hold the 12.443 level this time?
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AirdropGrandpa
· 13h ago
Trading volume increased by 39.9%... This time, it's not a false alarm, right? How many times have we seen this before?
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GasFeeSobber
· 13h ago
Increasing trading volume is indeed interesting, but it's also the easiest time to be dumped on. Be careful not to get caught.
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MEVHunter
· 13h ago
I’ve been paying attention to the increased trading volume, but honestly, this 39.9% increase depends on whether there are whales lurking in the mempool... The support level at 12.443 is indeed quite dense, but I’m worried it might be a trap for shorting.
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AlgoAlchemist
· 14h ago
Trading volume surged by 39.9%, this momentum is a bit overwhelming, but with support levels so dense, I'm a little hesitant... I'll wait and see.
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BlockchainRetirementHome
· 14h ago
I'm tired of the routine of volume surge being called the "important signal before the market starts." And what happened in the end? It was still smashed down.
Avalanche(AVAX) recent trading activity has significantly increased, with the 30-minute candlestick trading volume up by 39.9% quarter-on-quarter. Such abnormal fluctuations in trading volume often indicate that the market may be entering a critical period.
From a technical perspective, AVAX is currently hovering around 12.548 USDT. The key support level is at 12.443, only 0.83% away from the current price, and the entire support zone is distributed between 12.434 and 12.573. This dense support area provides a good entry opportunity for bulls.
In trading strategies, you can consider placing a buy order near 12.443 and setting a take-profit target at 12.767, which is the resistance level above. The increase in trading volume is often an important signal before a market move begins, and it is worth continuously monitoring AVAX's upcoming price performance and trading dynamics.