$AVAX just did what most traders miss… a sharp drop, instant recovery, and now quietly pushing up again.

That wick near 8.36 looks like a liquidity grab. Weak hands got shaken out, and buyers stepped in fast. Momentum is turning positive on the lower timeframe, but price is still close to resistance so patience matters here.

Support sits around 8.55 to 8.60

Resistance stands near 8.90 to 9.00

Entry

Wait for a clean hold above 8.75 or a small pullback into 8.60 zone

Targets

First 8.95

Second 9.20

Stop loss

Below 8.45

This kind of move is tricky. It feels calm after chaos, but that’s where smart entries happen. Chase it and you get trapped. Wait for confirmation and you ride the move.

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$AVAX

AVAX

8.84

+0.68%