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AVAX has recently shown interesting movement. The 30-minute K-line trading volume suddenly surged by 233.8%, and the current price is at 12.514 USDT.
From a technical perspective, the key support level is at 12.386, with only 0.75% space from the current price. A broader support zone is between 12.314 and 12.387. In this pattern, if the price retraces to the support area, a good rebound is often expected.
The trading volume is particularly noteworthy—an increase in volume often signals the start of a trend. Many traders see this signal and place long orders near the support level at 12.386, betting on a rebound.
Of course, the future trend still depends on whether the trading volume can be sustained. AVAX's recent move has definitely attracted attention and is worth monitoring further.