From TradingView · · 50s
AVAX at a Turning Point
AVAX support retest could signal trend reversal or deeper drop.
In brief
AVAX support retest could signal trend reversal or deeper drop. AVAX price retests $8.30-$9.30 support zone before potential upside move to $11.30. Originally reported by TradingView.
AVAX price below trendline
AVAX continues to trade below a Descending Trendline indicating medium-term downtrend remains a major challenge for buyers.
Price retests support zone
AVAX formed a low around $5.68 before recovering toward $11.30 and now trades near $9.77.
Key support zone
Yellow block represents important support area previously between February and May that could attract renewed buying interest.
Bullish scenario
Price holds $8.30-$9.30 support zone with bullish reaction could extend recovery toward $11.30 resistance.
Bearish scenario
Price breaks below $8.30-$9.30 support zone could trigger deeper drop toward $5.68 swing low.
Critical price action
AVAX must retest $8.30-$9.30 support zone before potential move to $11.30 resistance or deeper drop.
The takeaway
AVAX price retests $8.30-$9.30 support zone before potential upside move to $11.30.
