๐บ $AVAX : First trendline test.
AVAX is approaching the steepest bearish trendline after bouncing off its most recent lows.
A successful weekly resistance breakout followed by a retest would be an encouraging first step. Iโm currently watching the $15โ20 level, with a wider downward resistance zone in the $30s.
Breaking a single trendline wonโt erase the entire bearish trend. Buyers need to form higher lows and turn resistance back into support.
If this attempt fails, the price base in the $6โ8 range will remain vulnerable to another test.
Nothing is guaranteed. Do your own research.
AVAX is approaching the steepest bearish trendline after bouncing off its most recent lows.
A successful weekly resistance breakout followed by a retest would be an encouraging first step. Iโm currently watching the $15โ20 level, with a wider downward resistance zone in the $30s.
Breaking a single trendline wonโt erase the entire bearish trend. Buyers need to form higher lows and turn resistance back into support.
If this attempt fails, the price base in the $6โ8 range will remain vulnerable to another test.
Nothing is guaranteed. Do your own research.
