$AVAX is currently navigating a high-stakes tug-of-war at $12.17, showing a minor dip of -0.49% as it battles to find solid ground after a volatile swing between a 24h high of $12.38 and a low of $12.09. The 15-minute candlestick chart reveals a sharp "V-shaped" recovery attempt that was met with immediate resistance, forcing the price into a tight consolidation phase just above the recent floor. With over $12 million in USDT volume fueling this localized skirmish, the market is coiled like a spring; a breakout above the $12.20 level could ignite a bullish rally toward the daily high, while a slip below $12.09 might trigger a deeper descent into the red.
Would you like me to analyze the support and resistance levels on a longer timeframe, like the 4-hour or 1-day chart?
