This morning's dump was only strong enough to sweep the latecomers, but not large enough to break the long-term structure. AVAX has bounced multiple times from the 13–13.3 range, so the price holding here when pushed down is an extremely clear signal. The selling pressure stopped quickly, while absorption volume appeared consistently – that's the kind of accumulation from the patient side.
If AVAX retraces to 13.6, the short pressure will start to build, and that's when the upward momentum will appear. On the larger chart, the 14 area remains a reasonable target when the market stabilizes.
Quick kicks are often to activate cash flow, not to intimidate.
AVAXUSDT
Perp
13.6
-1.29%