📊 #AVAX Market Update | 4H Timeframe
$AVAX is currently moving inside a range after its recent pullback, with price showing only a modest recovery so far. Momentum remains weak, which suggests the market is still in a consolidation phase rather than starting a strong directional move.
🔼 Bullish Scenario:
The important resistance zone to watch is $9.7 – $9.8. A clean breakout and hold above this level could open the path toward $10.1 – $10.4, where the next major selling zone is expected.
🔽 Bearish Scenario:
On the downside, $8.9 remains a key support area. If price revisits this level and buyers fail to step in with strength, a drop toward $8.6 becomes increasingly likely.
⚠️ For now, patience is key — wait for confirmation before making a move.
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