AVAX JUST BROKE HIGHER — NOW $10.80 IS THE KEY
AVAX is showing a strong 4H breakout, climbing from around $7.03 to a $10.81 high.
Price is currently around $10.64 (+14.33%), with 24H volume near $49M USDC. Momentum is clearly elevated, and price is trading well above all three moving averages:
MA7: $9.90
MA25: $8.46
MA99: $7.81
The immediate battle is around the recent high.
Resistance: $10.81–$11.00
Breakout: Above $11.00
First support: $10.15–$10.20
Retest zone: $9.90–$10.00
Major support: $8.45–$8.50
At this stage, chasing a vertical candle carries more risk. I would rather see AVAX either break and hold above $10.81–$11.00, or pull back and successfully defend the $9.90–$10.00 area.
If buyers keep control, the breakout structure remains intact. A loss of $9.90 would suggest the momentum is starting to cool.
AVAX is moving fast — the next retest could tell us more than the current candle.
Not financial advice. Manage risk carefully.
#BuffettStepsDownAsBerkshireChairman
AVAX is showing a strong 4H breakout, climbing from around $7.03 to a $10.81 high.
Price is currently around $10.64 (+14.33%), with 24H volume near $49M USDC. Momentum is clearly elevated, and price is trading well above all three moving averages:
MA7: $9.90
MA25: $8.46
MA99: $7.81
The immediate battle is around the recent high.
Resistance: $10.81–$11.00
Breakout: Above $11.00
First support: $10.15–$10.20
Retest zone: $9.90–$10.00
Major support: $8.45–$8.50
At this stage, chasing a vertical candle carries more risk. I would rather see AVAX either break and hold above $10.81–$11.00, or pull back and successfully defend the $9.90–$10.00 area.
If buyers keep control, the breakout structure remains intact. A loss of $9.90 would suggest the momentum is starting to cool.
AVAX is moving fast — the next retest could tell us more than the current candle.
Not financial advice. Manage risk carefully.
#BuffettStepsDownAsBerkshireChairman
