AVAX Breakdown: Bearish Move Loading?

$AVAX has broken below its rising channel and is currently trading around $9.15, approaching a key support zone at $9.00.

If price drops below $9.00, it could trigger a continuation move toward $8.65, marking a potential -6.19% downside.

On the flip side, a reclaim above $9.41 would signal a possible fake breakdown and keep AVAX within its previous rising range.

Right now, structure leans bearish, and a confirmed break below $9.00 will validate further downside.

Watch the levels carefully - wait for confirmation before entering.

$AVAX

AVAX
AVAXUSDT
9.118
+0.28%