🔥 $AVAX — Is AVAX ready for its next move?
AVAX is currently around $11.49. The 1H structure is gradually improving, with higher lows forming, but on the 4H chart, the price is still running into a supply zone.
🟢 $10.80–11.00 — major support and the EMA zone. This is where accumulation is worth watching if buyers show strength again.
🔴 $12.30–12.60 — key seller zone. If momentum weakens here, it makes sense to reduce positions.
🚀 If, however, $12.30–12.70 is cleared on strong volume, the path to $13.50 opens up.
Another interesting factor is how large players are positioned. L/S = 6.8, and whales have accumulated around 3.1 million AVAX in Long positions. Meanwhile, a significant share of Short positions is above $12.60, so a resistance breakout could trigger an additional short squeeze.
There are also some interesting fundamental signals: Hyundai Card has completed testing international transfers on Avalanche, exploring the use of AVAX for compliant transactions.
📌 My plan: don’t chase the price. I’m watching for a reaction from $10.80–11.00 or a strong breakout above $12.30 on volume.
👀 AVAX looks interesting right now, but $12.30 is a level buyers need to reclaim.
#AVAX
AVAX is currently around $11.49. The 1H structure is gradually improving, with higher lows forming, but on the 4H chart, the price is still running into a supply zone.
🟢 $10.80–11.00 — major support and the EMA zone. This is where accumulation is worth watching if buyers show strength again.
🔴 $12.30–12.60 — key seller zone. If momentum weakens here, it makes sense to reduce positions.
🚀 If, however, $12.30–12.70 is cleared on strong volume, the path to $13.50 opens up.
Another interesting factor is how large players are positioned. L/S = 6.8, and whales have accumulated around 3.1 million AVAX in Long positions. Meanwhile, a significant share of Short positions is above $12.60, so a resistance breakout could trigger an additional short squeeze.
There are also some interesting fundamental signals: Hyundai Card has completed testing international transfers on Avalanche, exploring the use of AVAX for compliant transactions.
📌 My plan: don’t chase the price. I’m watching for a reaction from $10.80–11.00 or a strong breakout above $12.30 on volume.
👀 AVAX looks interesting right now, but $12.30 is a level buyers need to reclaim.
#AVAX