⚡ $AVAX: A TRENDLINE RETEST BEFORE ANOTHER PUSH TOWARD 15?
Price has broken its descending resistance and is pulling back toward rising trendline support.
The key area sits around 8.50–8.90, where the trendline meets a historical reaction zone. Holding near 8.70 would support the bullish continuation scenario.
Reclaiming 9.10–9.60 and clearing 10.00–10.50 would bring the recent highs around 11.00–11.95 back into focus.
Above those highs, resistance sits at 12.50–13.20, followed by the larger 14.50–15.20 supply zone.
Reaching 15 from 8.70 would represent approximately 72% upside.
A daily close below 8.50 would weaken the setup and increase the risk of a deeper pullback.
Price has broken its descending resistance and is pulling back toward rising trendline support.
The key area sits around 8.50–8.90, where the trendline meets a historical reaction zone. Holding near 8.70 would support the bullish continuation scenario.
Reclaiming 9.10–9.60 and clearing 10.00–10.50 would bring the recent highs around 11.00–11.95 back into focus.
Above those highs, resistance sits at 12.50–13.20, followed by the larger 14.50–15.20 supply zone.
Reaching 15 from 8.70 would represent approximately 72% upside.
A daily close below 8.50 would weaken the setup and increase the risk of a deeper pullback.
