AVAX remains in a broader downtrend, but price is now sitting at a well-defined demand zone where selling pressure has clearly slowed. The aggressive move down has transitioned into tight, compressed candles, often seen when sellers begin to lose control.
Market structure is still technically bearish, but momentum is no longer expanding lower. Instead, price is stabilizing, suggesting the move may be shifting from continuation into a potential pause or base.
If this area holds, a relief move back into prior resistance and high-volume territory becomes likely. If it fails, AVAX risks another leg lower with little support below.
This is a high-importance zone where the next trend leg forms.
Bounce or breakdown?
Market structure is still technically bearish, but momentum is no longer expanding lower. Instead, price is stabilizing, suggesting the move may be shifting from continuation into a potential pause or base.
If this area holds, a relief move back into prior resistance and high-volume territory becomes likely. If it fails, AVAX risks another leg lower with little support below.
This is a high-importance zone where the next trend leg forms.
Bounce or breakdown?
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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.
Check me out btdcrypto.com/links/
Related publications
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.