#Avaxmarketupdate $AVAX
$AVAX is starting to show a structure shift after a prolonged downtrend. The chart highlights a clean breakdown phase followed by a gradual base forming around the $8-$10 region. This kind of accumulation zone often signals seller exhaustion, especially after a liquidity sweep and weak hands getting shaken out.
Price is now compressing under a descending trendline, with a potential breakout building. If momentum steps in, reclaiming the $20-$26 range could be the first confirmation of strength. Beyond that, the key supply zone sits around $34-$38 a level that previously acted as strong resistance.
The projected path suggests a slow grind up rather than a straight rally, which is typical after deep corrections. Still, this setup depends heavily on broader market conditions holding steady.
For now, AVAX looks like it's transitioning from distribution to early accumulation not explosive yet, but definitely one to watch closely.
#AVAX #Altcoin Season#
▲AVAX
1.39%