$AVAX gained 15.27%, with reported strong spot and futures activity and a breakout above the $0.2896 structural level. The supplied analysis says the breakout retest is holding and MACD momentum is accelerating. However, futures-driven spikes can reverse quickly if open interest falls. Holding the reclaimed level is important before assuming further upside.
📈 Bias: Bullish | 🎯 Entry: $0.2890–$0.2940 | 🛡 Support: $0.2896 / $0.2720 | 🚧 Resistance: $0.3200 / $0.3500 | 🎯 Targets: $0.3000 / $0.3200 / $0.3450 | ❌ Invalidation: Daily close below $0.2700
Strategy: Watch for a sustained retest of $0.2896 before considering continuation. Monitor futures volatility and respect the daily-close invalidation condition.
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