$AVAX

The situation is as follows:

The price made a strong upward spike from ~$28.5 to $31.25 (about +9%), and is currently undergoing a pullback.

At the peak ($31.259), a local maximum formed and there have already been several consecutive red candles → a signal of local correction.

RSI (6) is currently around 45 – meaning there is no longer overbought, but the strength of buyers has decreased.

MACD has just crossed the zero zone downwards, which may indicate a transition into the correction phase.

📊 Conclusions:

If the price holds above 30.20–30.30, then this is just a short pullback and there may be another test of the level $31.0–31.3.

However, if they break down below $30.20, then the road may open up to $29.6 and even $29.0.

👉 Right now, the market looks like after the impulse, buyers are taking a pause. The nearer scenario is a small correction (possibly still to $30.2–30.3), and then an attempt to determine: either continuation of growth or a deeper pullback.