$AVAX is trading around $6.33 right now, and the price action is pretty quiet.
The range today has been tight, with AVAX moving roughly between $6.29 and $6.39. That tells me the market is still waiting for a stronger push before choosing a direction.
I would watch the $6.39 area for a breakout attempt. If buyers can take that level with momentum, the short term picture could improve. If $6.29 gives way instead, the current setup becomes weaker.
This is one of those charts where I would rather wait for the range to break than guess which side wins.
Watching AVAX today? You can trade it here when the setup appears.
$AVAX
The range today has been tight, with AVAX moving roughly between $6.29 and $6.39. That tells me the market is still waiting for a stronger push before choosing a direction.
I would watch the $6.39 area for a breakout attempt. If buyers can take that level with momentum, the short term picture could improve. If $6.29 gives way instead, the current setup becomes weaker.
This is one of those charts where I would rather wait for the range to break than guess which side wins.
Watching AVAX today? You can trade it here when the setup appears.
$AVAX