$AVAX has been trading inside a large wedge pattern, getting squeezed between a key descending resistance line on top and an ascending support line at the bottom. Each touch on these levels has triggered strong reactions, showing their importance for market participants.
Right now, AVAX is holding above its ascending support, which has acted as a solid foundation multiple times. If price breaks above the descending resistance, it could unlock strong upside momentum. If it fails to sustain support, we may see another retest of the lower zone before any major move.
Overall, the structure is tightening, and a big breakout looks closer with each passing week.
DYOR, NFA
