$AVAX is consolidating around $11.42 after failing to sustain momentum above the $11.65–$11.70 resistance area. On the 15minute chart, the pullback has brought price back toward a clearly marked demand zone between roughly $11.30 and $11.35.
So far, that zone is holding. The reaction from $11.35 shows that buyers are still defending the recent move, but AVAX needs to reclaim the $11.50 area before the short-term structure becomes more convincing. If that happens, the next upside test would be around $11.60, followed by $11.65–$11.70.
A clean breakout above the recent high would shift the setup toward continuation and could open room for another expansion higher.
The bearish scenario is straightforward: if $11.30 fails decisively, the current demand structure loses credibility and AVAX could begin a deeper retracement.
For now, the chart is sitting between support and resistance, making the $11.30–$11.50 range the key battlefield. AVAX is trading near $11.4 today.
So far, that zone is holding. The reaction from $11.35 shows that buyers are still defending the recent move, but AVAX needs to reclaim the $11.50 area before the short-term structure becomes more convincing. If that happens, the next upside test would be around $11.60, followed by $11.65–$11.70.
A clean breakout above the recent high would shift the setup toward continuation and could open room for another expansion higher.
The bearish scenario is straightforward: if $11.30 fails decisively, the current demand structure loses credibility and AVAX could begin a deeper retracement.
For now, the chart is sitting between support and resistance, making the $11.30–$11.50 range the key battlefield. AVAX is trading near $11.4 today.
