$AVAX continues to favor the short case as the recent attempt to move higher failed, bringing back the pattern of lower highs. The price is stuck inside a clear descending channel structure on the daily view. For this bearish view to weaken, we would need to see a solid close above the current resistance level.

Levels — AVAXUSDT
Zone: 8.672 - 8.688
Cut: 8.733
Scale: 8.627 | 8.584 | 8.531

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