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$AVAX pressure building near resistance
Market cap: ~$3.8B | Price: ~$9.29
AVAX is consolidating just below local resistance after a slow intraday recovery.
🔸What’s happening:
• Price repeatedly testing the $9.30 zone
• Buyers still holding short-term structure
• Momentum weakening near resistance
• Market waiting for a breakout trigger
💡 Right now this looks like compression before expansion.
🔸Two scenarios:
📈 Break above $9.30 → momentum toward $9.42 → $9.55
📉 Lose $9.24 support → pullback toward $9.12
🔸Conclusion:
The market is squeezing into a tight range. Usually, moves like this don’t stay quiet for long.
(DYOR)