AVA is trading near a long-term support zone around $0.37, a level that has repeatedly acted as a historical floor. The token has been consolidating for months within a descending channel, and current price action suggests potential accumulation.
The broader trend remains neutral-to-bearish, but momentum indicators such as RSI are nearing oversold territory, hinting at possible reversal conditions. A breakout above the descending trendline and the 50-EMA could open the door to a short-term rally toward $0.47–$0.50.
The key medium-term resistance is at $0.78 — roughly a 2× move from current levels. If price manages to close above that mark on strong volume, it would confirm a structural breakout and could trigger a broader bullish shift across the chart, with potential to revisit the $1+ region over time.
Fundamentally, Travala has maintained a notable relationship with Binance and CZ (Changpeng Zhao). Binance previously backed TravelbyBit, which later merged with Travala, and the project migrated to Binance Chain early on. CZ has publicly acknowledged Binance’s early investment, and historically his mentions of AVA have driven strong upside volatility — showing that sentiment around Binance can directly influence AVA’s momentum.
Trade idea:
Entry zone: $0.37 – $0.42 (support region)
Take-profit 1: $0.50
Take-profit 2 / Key resistance: $0.78
Stop-loss: below $0.34 (confirming support breakdown)
Overall, AVA offers an asymmetric setup: limited downside near historical lows, with potential for a significant upside if the $0.78 barrier breaks. Watch for volume confirmation and Binance-related sentiment as catalysts.
The broader trend remains neutral-to-bearish, but momentum indicators such as RSI are nearing oversold territory, hinting at possible reversal conditions. A breakout above the descending trendline and the 50-EMA could open the door to a short-term rally toward $0.47–$0.50.
The key medium-term resistance is at $0.78 — roughly a 2× move from current levels. If price manages to close above that mark on strong volume, it would confirm a structural breakout and could trigger a broader bullish shift across the chart, with potential to revisit the $1+ region over time.
Fundamentally, Travala has maintained a notable relationship with Binance and CZ (Changpeng Zhao). Binance previously backed TravelbyBit, which later merged with Travala, and the project migrated to Binance Chain early on. CZ has publicly acknowledged Binance’s early investment, and historically his mentions of AVA have driven strong upside volatility — showing that sentiment around Binance can directly influence AVA’s momentum.
Trade idea:
Entry zone: $0.37 – $0.42 (support region)
Take-profit 1: $0.50
Take-profit 2 / Key resistance: $0.78
Stop-loss: below $0.34 (confirming support breakdown)
Overall, AVA offers an asymmetric setup: limited downside near historical lows, with potential for a significant upside if the $0.78 barrier breaks. Watch for volume confirmation and Binance-related sentiment as catalysts.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.