$AVAX
is holding up well on the AVAX/USDC pair after a strong intraday recovery.
Price bounced cleanly from the 12.02 low and reclaimed key moving averages on the 15-minute chart. The structure shows buyers stepping in early and defending pullbacks.
What stands out
• Strong rebound from the 12.00 to 12.05 support zone
• Price trading above the 99 MA, keeping the short-term trend intact
• Healthy volume on the recovery move, followed by controlled consolidation
• Higher low structure forming near 12.38 to 12.40
Profit perspective
As long as #AVAX holds above the 12.30 to 12.35 area, the setup favors continuation toward 12.55 and potentially a retest of 12.60. Dips into support zones may offer better risk-to-reward entries for short-term traders.
Momentum is steady, not rushed. Staying patient and managing risk remains key.