🔥 $AVAX Showing Early Recovery Signals — But Resistance Still Controls the Trend
AVAXUSDT on the 15-minute chart remains cautiously bearish, although buyers are attempting to build a short-term base after the sharp sell-off from the 7.60 region.
📉 EMA Structure:
EMA 20 is still trading below EMA 50, confirming that bears maintain the broader intraday advantage. However, the gap between both averages is narrowing, signaling weakening downside momentum.
📍 Key Levels:
• Support: 6.60 – 6.22
• Resistance: 6.72 – 7.00
🔍 Short-Term Outlook:
A sustained break above 6.72 could open the door toward 7.00. Failure to reclaim resistance may trigger another test of the 6.60 support zone.
Momentum is shifting, but confirmation is still needed. Would you trust this recovery attempt, or are you waiting for a clean breakout above resistance first?
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