AVAX Breaks Free: A Potential Bullish Reversal on the Horizon
AVAX has finaly escaped the bearish grip that has held it down for months. This could be the start of a meaningful price shift. Sence February, the coin was under pressure from a descending support/resistance level. but now, it has broken through with strength.
This move came after a swing failure pattern at the lows, a common sign of a reversal. Price action quickly reclaimed both the value area high and the point of control from the previous range. This suggests strong buyer interest and a possible trend change.
- AVAX turns dynamic SR resistance into support, hinting at a bullish structure.
- Reclaiming key levels reinforces momentum.
- Next, AVAX needs to confirm a higher low above the flipped SR zone.
The breakout is significant because it breaks a multi-month trendline. After a failed breakdown and reclaim of key levels, buyers stepped in with conviction. this shift in momentum is supported by volume profile readings, showing increased participation during the breakout.
If AVAX holds above the flipped resistance and forms a higher low, it could move toward the $28.70 swing high. However, failure to hold the breakout zone could mean a false breakout. Traders should closely monitor price action in the coming days.
for a confirmed bullish structure,AVAX needs a clean higher low above the flipped SR resistance. This would open the door for a move toward $28.70. The current market context supports this bullish view, provided key support holds and volume sustains the breakout.
