AVAX Hits Daily Pivot Point, Bulls Face Crucial Test at $11.27

AVAX is currently trading at its daily pivot point of $10.86, having rejected an intraday high of $11.27 and returned to the midrange of its daily band.

The asset's price touched $11.27 but found no conviction, sliding back to where it started, a sign of indecision rather than a bearish collapse.

Despite being pinned at its pivot point, AVAX has a bullish MA stack in place, with every medium-to-long-term moving average stacked in ascending order below price, indicating an uptrend structure and the path of least resistance over weeks is still higher.

The MACD histogram has hit dead zero, momentum has flatlined, and buyers are hesitating to chase at these levels, a friction point that needs to be overcome for AVAX to continue its rally.