📊 $AVAX Market Update
Avalanche (AVAX) is currently trading in a consolidation zone, reflecting cautious sentiment across the broader crypto market. Price action remains range-bound as buyers and sellers battle near key technical levels.
🔹 Market Structure: AVAX is holding above important support areas, indicating that downside pressure is slowing. However, strong buying volume is still needed to confirm a trend reversal.
🔹 Resistance Zone: A break above near-term resistance could open the door for a fresh bullish move. Until then, sideways movement is likely.
🔹 Momentum: Indicators suggest neutral momentum, signaling that the next move may be driven by volume expansion and broader market strength.
🚀 Outlook:
If AVAX sustains support and breaks key resistance, we may see renewed upside momentum. Failure to hold current levels could lead to a retest of lower support zones.
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