Crypto
AVAX Price Analysis: Momentum Stalls Ahead of Key Resistance Levels
AVAX has made a remarkable recovery from its lows near $8.07 to its current price of $11.03, representing a 37% move.
This disciplined climb has pushed AVAX above every major moving average, with the 7-day SMA at $10.92 and the 50-day at $8.23.
However, despite this bullish setup, there are warning signs that the rally is maturing, and momentum is running out of fuel.
The MACD histogram has flatlined at zero, indicating a dead heat between buyers and sellers.