AVAX Price Forecast Hinges on Liquidity Sweep to $7.05

AVAX has been consolidating at $7.28, but the technical indicators suggest it's not a breakout setup yet.

The MACD histogram is compressed to zero, indicating a lack of bullish momentum, and the RSI is neither overbought nor oversold, making it a neutral chart signal.

A 24-hour range of $7.21 to $7.47 with only $12.5M in Binance spot volume indicates there's no strong conviction behind current price action.

Historically, AVAX has shown patterns of grinding low-conviction consolidations before a violent directional resolution, and the current signals point towards an imminent resolution.