$AVAX
/USDT is trying to breathe again after a brutal selloff, and the chart tells a tense story.
Price is trading around 12.09, bouncing nearly 4 percent from the intraday low, but still trapped below key moving averages. The MA7 at 11.97 is acting as short term support, while MA25 at 13.22 and MA99 at 14.47 loom overhead as heavy resistance. This keeps the broader trend firmly bearish despite today’s relief bounce.
The recent low near 11.23 looks like a temporary demand zone. Buyers stepped in there, but volume remains weak, showing hesitation rather than conviction. As long as AVAX stays below 12.80–13.00, every bounce risks turning into another lower high.
A clean break above 13.30 could trigger short covering and open a fast move toward 14.90, where the last major rejection happened. Failure to hold 11.90 would likely send price back to 11.20, and a breakdown there exposes psychological support near 10.00.
Momentum is fragile. This is a market where patience beats aggression. AVAX belongs to the Avalanche ecosystem, but right now the chart demands respect more than hope.
Volatility is compressing. The next move will be sharp. Direction is the only mystery.