AVAX Price Predicted to Reach $8.32 Before Pullback

AVAX's price has been on a sharp rise, breaking above its Bollinger upper band and trading at $7.66.

The token has reclaimed all short-term moving averages, but is still structurally precarious as the 200-day SMA sits at $8.19, just 7% above current price.

Whales and institutional-grade futures accounts are positioned aggressively long against only a small short position, suggesting smart money built their longs lower and is now trimming.

The RSI is overbought, the MACD has gone flat, and momentum is stalling, setting up a binary outcome, either a final squeeze to $8.32 or a corrective flush.