The market is currently at a short-term support level. 😶 Is the market preparing for a big move? 👀 Let's find out!👇 By CMCAlexandria Author: youngcryptowolf Editor: YousraAASheikh BTC ETH ADA FTM SOL NEAR AVAX
Zooming out, we can see AVAX is continuing to respect its bullish channel. At the time of this writing, AVAX is looking to confirm major support. Looking at the left side of the chart, we can see a successful reclaim of support at this level will be pivotal for AVAX.
A 4-hour close above $33 will allow the bulls to take over. However, a rejection from this level will lead to the level of $25.Zooming out, we can see FTM has reclaimed the $0.40 resistance mentioned inAre we going to see the same play out? If there is a 4-hour close above $0.45, expect the run to continue in favor of the bulls. However, a rejection from this level, the market will continue consolidating.If you are one of those who skipped to the bottom to save some time, here is a summary of the above:NEAR is setting up for a higher low.AVAX is showing early signs of a reversal.In the short term, it looks like the bulls are stepping in. Something to look out for is if the market can break minor resistance.
Remember that this is all based on the subjective views of the writer. As always do your own research. This article contains links to third-party websites or other content for information purposes only . The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site.
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