$AVAX: AVAX's rally faces a two-part test at the lower high Live: $AVAX 9.77 (+12.54% 24h) · 24h range 8.36-10.79 · 1.08B USDT 24h vol
AVAX jumped more than 12% on its most recent daily swing, and the question now is whether the rally is real. AMBCrypto's chart work says it comes down to a two-stage test. The price has to push through the liquidity waiting above it, then close a trading day above the lower high.
Clear both and the short-term downtrend is done. The buyers are doing their part so far. The Accumulation/Distribution line shows heavy intake, with volume-weighted buying at 122 million, per AMBCrypto.
That is real demand, not a squeeze. The Aroon indicator, which tracks how far price sits from recent highs and lows, leans bullish but only barely. AMBCrypto notes the gap between its two lines is slim.
A strong confirmation would show Aroon Up near 100% and Aroon Down near zero, and AVAX is nowhere close to that. So the accumulation is real, but the signal is shallow.
$AVAX #AVAX #CryptoNews #CoinBatmi
AVAX jumped more than 12% on its most recent daily swing, and the question now is whether the rally is real. AMBCrypto's chart work says it comes down to a two-stage test. The price has to push through the liquidity waiting above it, then close a trading day above the lower high.
Clear both and the short-term downtrend is done. The buyers are doing their part so far. The Accumulation/Distribution line shows heavy intake, with volume-weighted buying at 122 million, per AMBCrypto.
That is real demand, not a squeeze. The Aroon indicator, which tracks how far price sits from recent highs and lows, leans bullish but only barely. AMBCrypto notes the gap between its two lines is slim.
A strong confirmation would show Aroon Up near 100% and Aroon Down near zero, and AVAX is nowhere close to that. So the accumulation is real, but the signal is shallow.
$AVAX #AVAX #CryptoNews #CoinBatmi