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$AVAX Bulls! Your trend is facing a critical test 🔥
The current price is 13.926, almost precisely hitting the dynamic support level of 13.927! This wave of rally, which started from 13.641, has seen the support line move up from 13.495 to this point. Now, the price is dancing on this "lifeline" 💃
⚠️ However, the MACD has issued a serious warning! The indicator line is below the signal line, and the momentum histogram is significantly negative, with momentum rapidly diminishing in recent days. This casts a shadow over the current upward trend.
**Bullish Perspective**: As long as it stays above 13.927, the upward trend structure remains intact.
**Bearish Perspective**: If it breaks below, it may mean that this 29-candle rally is coming to an end. Recent supports are at 13.662 and 13.858.
**Current Market Status**: The trend is continuing, but it is at a **critical point of trend reversal**. The outcome between bulls and bears is just around the corner!