$AVAX Avalanche is currently testing critical trendline support around the $8.97 mark after a sustained downward channel.
The Good: Bouncing slightly off the 24h low of $8.64, flashing a minor +2.63% relief pump.
The Bad: The price remains heavily pinned below the MA(7) at $8.98 and MA(25) at $9.93.
The Outlook: Bulls need to defend this diagonal support line to prevent a deeper slide toward the next macro floor. Watch for a clean breakout above the yellow MA(7) line to confirm a short-term trend reversal.
Long or short here? 👇
#Crypto #AVAX #TechnicalAnalysis #Binance
The Good: Bouncing slightly off the 24h low of $8.64, flashing a minor +2.63% relief pump.
The Bad: The price remains heavily pinned below the MA(7) at $8.98 and MA(25) at $9.93.
The Outlook: Bulls need to defend this diagonal support line to prevent a deeper slide toward the next macro floor. Watch for a clean breakout above the yellow MA(7) line to confirm a short-term trend reversal.
Long or short here? 👇
#Crypto #AVAX #TechnicalAnalysis #Binance
