$AVAX is showing signs of weakness after facing rejection around the $9.00 resistance zone.
Currently trading around $8.68, price is gradually losing bullish momentum, and the latest structure suggests a possible continuation to the downside.
I’m watching the $8.00–$8.05 demand zone as the next major area of interest. If selling pressure continues, #AVAX could revisit this support before attempting another recovery.
A stronger move above it would be needed to change the current bearish outlook.
Currently trading around $8.68, price is gradually losing bullish momentum, and the latest structure suggests a possible continuation to the downside.
I’m watching the $8.00–$8.05 demand zone as the next major area of interest. If selling pressure continues, #AVAX could revisit this support before attempting another recovery.
A stronger move above it would be needed to change the current bearish outlook.
