AVAX Price on Verge of Breakout as 200-Day SMA Looms
AVAX's price is currently trading at $7.33, and smart money is net long by 72%, according to Binance Futures data.
The upper Bollinger Band is converging with the 200-day SMA at $8.07-$8.11, setting up a key technical juncture in September.
Reclaiming both the 20-day and 50-day moving averages, AVAX has built a clean staircase of dynamic support underneath its current price.
However, momentum is paused, with the MACD histogram zeroed out as price enters the $7.40-$7.47 resistance cluster.