#AVAX is trading at $6.76 and is just 3.5% below the key $7.00 resistance.
Price has been making higher lows, showing buyers are slowly building momentum.
A strong close above $7.00 could confirm a breakout and open the door for further upside.
However, another rejection from this level could send AVAX back to the rising trendline.
A break below that support would shift momentum back to the bears.
The $7.00 level will likely decide AVAX's next major move.