$AVAX just had its first serious rejection after a strong 4H breakout.
Price ran from roughly $6.30–$6.40 to above $8.00, but sellers hit hard near $8.10–$8.20. The key detail is that AVAX bounced quickly after dipping toward $7.00 and is now holding around $7.56.
For me, $7.40–$7.50 is the immediate support to watch.
If buyers defend that zone and reclaim $7.80, another test of $8.00–$8.20 becomes possible.
But if $7.40 fails on a clean 4H close, the structure weakens and $7.00–$7.10 comes back into play.
The trend is still bullish, but after that rejection, AVAX needs to prove it can build a higher low here.
Price ran from roughly $6.30–$6.40 to above $8.00, but sellers hit hard near $8.10–$8.20. The key detail is that AVAX bounced quickly after dipping toward $7.00 and is now holding around $7.56.
For me, $7.40–$7.50 is the immediate support to watch.
If buyers defend that zone and reclaim $7.80, another test of $8.00–$8.20 becomes possible.
But if $7.40 fails on a clean 4H close, the structure weakens and $7.00–$7.10 comes back into play.
The trend is still bullish, but after that rejection, AVAX needs to prove it can build a higher low here.