$AVAX is showing signs of strength, but it's not the kind of breakout that screams conviction. The price is hovering around $30.43, with a daily high of $30.54 and a low at $28.71, suggesting bulls are in control — just barely. A nearly 6% gain on the day might look attractive on the surface, but given the relatively narrow range and the lack of follow-through past resistance, it’s more likely a short-term bounce than the start of a real trend shift. Volume in USDT terms is decent at around $168M, but not explosive enough to suggest strong hands are loading up.

What’s more interesting is the inconsistency between AVAX’s price behavior and the broader sentiment in Layer 1s. $AVAX has been lagging behind peers like SOL and ETH in momentum. If this move doesn't push past the $31 level with higher volume soon, it's likely just another fade. There’s a quiet war going on between traders hoping for a return to the AVAX 2021 narrative and those who are rotating capital into newer, faster ecosystems. The price is holding for now, but without a catalyst or narrative push, it's standing on a weak floor. Traders should keep tight stops and treat this pump with skepticism until it proves otherwise.