$AVAX is forming an ascending triangle on the 4H chart, with higher lows pressing toward the $11.80–$12.00 resistance zone.
My view: buyers are gaining ground, but the breakout still needs confirmation. A 4H close above $12 followed by a successful retest would put $12.50 and $13.00 in focus.
I’m watching rising support around $10.80–$11.00. Losing it would weaken the structure and bring $10.50 back into play.
The setup looks constructive, but I’d wait for resistance to become support before getting too confident.
#AVAX #Avalanche #Altcoin Season# #Macro Insights#
My view: buyers are gaining ground, but the breakout still needs confirmation. A 4H close above $12 followed by a successful retest would put $12.50 and $13.00 in focus.
I’m watching rising support around $10.80–$11.00. Losing it would weaken the structure and bring $10.50 back into play.
The setup looks constructive, but I’d wait for resistance to become support before getting too confident.
#AVAX #Avalanche #Altcoin Season# #Macro Insights#
