$AVAX BREAKS ITS DOWNTREND | CAN THIS RANGE FUEL THE NEXT MOVE?
$AVAX rebounded approximately 105% from the visible low near $5.75 to $11.80, breaking the historical descending trendline and establishing local higher highs and higher lows.
Price is now consolidating after that sharp advance. The $9.80–$10.50 demand zone is the first area buyers need to defend.
If this range holds, a confirmed daily breakout above $11.80 followed by a successful retest would strengthen the continuation scenario.
The next levels are the 1.272 Fibonacci extension near $13.45 and historical resistance at $14.736.
Clearing that resistance would bring the 1.618 near $15.54 into focus, followed by the extended $18.382 target. That final level sits approximately 69.6% above the chart’s $10.837 price.
A daily loss of $9.80 weakens the consolidation. Below it, $9.49, $8.78 and the 0.618 near $8.06 become the next support references.
Can $AVAX hold its higher base and turn consolidation into continuation?
$AVAX rebounded approximately 105% from the visible low near $5.75 to $11.80, breaking the historical descending trendline and establishing local higher highs and higher lows.
Price is now consolidating after that sharp advance. The $9.80–$10.50 demand zone is the first area buyers need to defend.
If this range holds, a confirmed daily breakout above $11.80 followed by a successful retest would strengthen the continuation scenario.
The next levels are the 1.272 Fibonacci extension near $13.45 and historical resistance at $14.736.
Clearing that resistance would bring the 1.618 near $15.54 into focus, followed by the extended $18.382 target. That final level sits approximately 69.6% above the chart’s $10.837 price.
A daily loss of $9.80 weakens the consolidation. Below it, $9.49, $8.78 and the 0.618 near $8.06 become the next support references.
Can $AVAX hold its higher base and turn consolidation into continuation?