AVAX is showing signs of life after rebounding cleanly off a local demand zone near $21 and breaking its recent downtrend line. This structure opens the door to a possible short-term rally — with first resistance sitting near $23.80 and a secondary target at $26.60. However, Stoch RSI is already pushing into overbought, so momentum must sustain or risk another fade.
A retrace to retest the broken trendline and hold would add confluence for longs. If that fails, bulls may get trapped.
📌 Demand bounce
📌 Trendline break
📌 Eyes on follow-through to reclaim higher levels
This is early-stage structure shift — not confirmation yet, but worth watching.
A retrace to retest the broken trendline and hold would add confluence for longs. If that fails, bulls may get trapped.
📌 Demand bounce
📌 Trendline break
📌 Eyes on follow-through to reclaim higher levels
This is early-stage structure shift — not confirmation yet, but worth watching.
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