2025/6/15#AVAX $AVAX Current trend assessment: Upward trend in a short-term pullback.

Key Indicator Analysis:
1. Price Trend:
Continuously rose from the low of $19.64 on June 7 to the high of $22.77 on June 11 (+15.9%)
Recently, there has been a pullback to the range of 18.71-19.43 (-12.5% from peak), but it has not fallen below the previous low of 18.46 dollars.
2. EMA Moving Average System:
Fast line ( EMA_fast: 19.36) has crossed below the slow line ( EMA_slow: 19.89), forming a short-term death cross.
But the price is still above the 200-period moving average (not provided but can be inferred), and the long-term trend has not been broken.
3. MACD Indicator:
The histogram shows continuous negative values (latest -0.077), with both DIF and DEA positioned below the zero axis.
The short-term momentum shows a bearish bias, but the magnitude of the negative value is narrowing, and the downward momentum is weakening.
4. Trading Volume Characteristics:
Significant volume increases during the rise (for example, 14.65M at 20:00 on June 9)
Decreased volume during the downtrend (recent 3 K-line trading volumes: 3.05M → 1.05M)
5. RSI Indicator:
Fell from the overbought zone (66.7) to 32.3 (close to the oversold zone)
StochRSI shows extreme oversold (K value 21.48, D value 23.56)
多空关键位:
Support level: 18.46 (previous low) → 18.71 (recent low)
Resistance level: 19.43 (recent high) → 20.30 (previous high)
Operation Suggestion:
In the short term, it may enter a consolidation phase. It is recommended to pay attention to:
1. If the volume breaks through 19.43 and the RSI returns above 50, it can confirm the end of the pullback.
2. If it falls below the support level of 18.46, it may turn into a downward trend.
Risks to be aware of:
The MACD is still in the bearish zone.
A decrease in trading volume may prolong the consolidation period.