After AVAX breaks through the triangle consolidation pattern and maintains bullish strength, its current price is $7.57, which almost exactly matches the original breakout level of $7.55. The core of this pattern strategy is: after the breakout, the former resistance becomes support. As long as the price does not fall back below the area under the upper trendline of the triangle, the upward structure remains valid. Progmat and Axiym rely on AVAX to facilitate the tokenization transfer of assets worth tens of billions of dollars, with institutions using fundamental strength as support.
Based on the current price, $7.55 is the first observation level. A short-term pullback to this area is a normal technical retest. Near the prior high of $7.7, there is short-term sell pressure, but once the breakout occurs, upside room opens. The invalidation signal for this strategy is a closing price falling below $7.3, meaning the upper trendline shifts down by a 3% range. Since the current price strongly coincides with the breakout level, it indicates the strategy is still within its effective window. #AVAX
Based on the current price, $7.55 is the first observation level. A short-term pullback to this area is a normal technical retest. Near the prior high of $7.7, there is short-term sell pressure, but once the breakout occurs, upside room opens. The invalidation signal for this strategy is a closing price falling below $7.3, meaning the upper trendline shifts down by a 3% range. Since the current price strongly coincides with the breakout level, it indicates the strategy is still within its effective window. #AVAX