AVAX Price Teeters on $7.45 Breakout

AVAX is trading at $7.33 as of 07:34 UTC on August 30, and it's clear that the asset is coiled in a tight range.

The short-term SMA7 at $7.40 is sitting like a lid on price action, indicating that a break above or below this level could lead to significant movement.

The MACD has flatlined completely, with signal and line reading identical at 0.2377, histogram at absolute zero.

This setup suggests accumulation before expansion, rather than exhaustion before collapse.

Whale positioning shows a 73% long ratio, indicating that sophisticated accounts are heavily invested in AVAX.