AVAXUSDT Testing Key Resistance Amid Bearish Market Outlook

AVAXUSDT has been steadily climbing after rebounding from a crucial support level and is now testing last week's high, a level that has repeatedly held firm. Additionally, the price continues to respect the established upward trendline. However, on higher timeframes, the overall market sentiment remains strongly bearish, with prices falling below the August 2024 low. Given the significant downward movement, a period of consolidation is likely. A rebound from the psychological level at 20 is anticipated, followed by a retest of the support zone around 17.05