🏔️ $AVAX BROKE OUT, BUT THE REAL TEST IS ABOVE
$AVAX finally broke above the $8.77 range resistance.
That was the first positive step.
But price then failed to break the next major resistance around $10.47.
That matters.
For now, I’m watching for a retest of the $8.77 area.
If that level holds as support, $AVAX gets another chance to attack $10.47.
Break that, and the chart starts opening up toward the $11.5 area and higher.
But the bigger macro picture is still not perfect.
$AVAX already made a lower low below the 2022 bottom around $5.90, so I still want to see stronger structure before getting too bullish.
The roadmap is simple:
Hold $8.77.
Break $10.47.
Then the trend starts looking much healthier.
Nothing is guaranteed. This is simply the higher-probability scenario I see from the technical setup, not a recommendation to buy $AVAX. Always do your own research.
$AVAX finally broke above the $8.77 range resistance.
That was the first positive step.
But price then failed to break the next major resistance around $10.47.
That matters.
For now, I’m watching for a retest of the $8.77 area.
If that level holds as support, $AVAX gets another chance to attack $10.47.
Break that, and the chart starts opening up toward the $11.5 area and higher.
But the bigger macro picture is still not perfect.
$AVAX already made a lower low below the 2022 bottom around $5.90, so I still want to see stronger structure before getting too bullish.
The roadmap is simple:
Hold $8.77.
Break $10.47.
Then the trend starts looking much healthier.
Nothing is guaranteed. This is simply the higher-probability scenario I see from the technical setup, not a recommendation to buy $AVAX. Always do your own research.
