๐บ $AVAX : The trend line comes first.
$AVAX is approaching the steeper downward trend line, with the 10โ12 dollar zone acting as an immediate pivot zone.
A weekly breakout followed by a successful retest would strengthen the case for a price range of 16 to 20 dollars.
The broader bearish resistance remains another obstacle. Breaking through it would make the 28โ35 dollar level a key target, while the 50โ60 dollar level stays a much more distant historical supply zone.
If the breakout fails and the price drops to 10 dollars, I will monitor the base price level of 6 to 8 dollars again.
This setup needs confirmation from a weekly close.
$AVAX is approaching the steeper downward trend line, with the 10โ12 dollar zone acting as an immediate pivot zone.
A weekly breakout followed by a successful retest would strengthen the case for a price range of 16 to 20 dollars.
The broader bearish resistance remains another obstacle. Breaking through it would make the 28โ35 dollar level a key target, while the 50โ60 dollar level stays a much more distant historical supply zone.
If the breakout fails and the price drops to 10 dollars, I will monitor the base price level of 6 to 8 dollars again.
This setup needs confirmation from a weekly close.
