Crypto
AVAX Price Hinges on $7.50 Breakout as Bulls Face Critical Test
The price of AVAX is coiled at $7.36 as smart money holds a 72% long bias.
A flat-lined MACD and shrinking open interest, however, warn that bulls must crack $7.50 immediately or risk losing ground.
The MACD histogram has stalled mid-air after a credible recovery from the lower band region, with momentum essentially halted.
Despite this hesitation, buyers have not thrown in the towel, as evidenced by an RSI of 60 and a flat-lined Bollinger Band picture that shows AVAX is three-quarters of the way up the band range, pressing into resistance rather than coasting away from support.