$AVAX is trading inside a falling channel after an extended decline, with price showing early signs of stabilization near local support.
A breakout above the channel's upper trendline would be the first indication that bullish momentum is returning, opening the door for a move toward the $6.60–$6.70 resistance area.
Until then, the broader structure remains neutral to bearish, and confirmation is required before considering long positions.
The current reaction around support will likely determine the next directional move.
Click here to trade.
#AVAX #crypto
A breakout above the channel's upper trendline would be the first indication that bullish momentum is returning, opening the door for a move toward the $6.60–$6.70 resistance area.
Until then, the broader structure remains neutral to bearish, and confirmation is required before considering long positions.
The current reaction around support will likely determine the next directional move.
Click here to trade.
#AVAX #crypto