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AVAX Price on Verge of Breakout as 200-Day SMA Looms

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BNB AVAX
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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.

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