AVAX Price Stuck in Tight Range as Smart Money Stacks 68.9% Long
The AVAX price has been stuck in a narrow daily range of $0.15 under its short-term moving averages, but top traders are taking on nearly 2.2:1 long positions while taker buyers overwhelm sellers by 40%.
According to Iris Coleman, smart money is stacked 68.9% long at $6.48, a level that could be a breakout point or a flush to $6.20.
The technical indicators are mixed, with momentum flat and the relative strength index (RSI) grinding just below 50. The moving average convergence divergence (MACD) histogram is sitting at zero after a negative MACD and signal line.
However, the Stochastic %K is crossing above a %D reading of 37, a minor divergence that slightly tilts the momentum picture toward a potential reversal attempt rather than an acceleration lower.