AVAX Price Breakout at $11.24 Sets Stage for Next Leg Up

AVAX has completed a textbook macro recovery from levels near $8 to its current price of $11.03, a gain of nearly 36%.

This is not just a dead-cat bounce; the trend structure is genuinely bullish, with every major moving average pointing upward and below the current price.

However, experienced traders know that the cleanest part of a recovery trade is often already in the past, and now it's time to manage risk more tightly.

The MACD histogram has flatlined, suggesting momentum is running on fumes, while the RSI is in the upper 60s, indicating buyers are engaged but not yet euphoric.

Resistance lies at $11.24, and a breakout above that level would be a clear trigger for further price increases.