AVAX Stuck in Sideways Trendline as Key Resistance Levels Loom

The AVAX token is currently stuck in a sideways trendline at $6.64, showing no clear direction or momentum.

This neutral territory is reflected by the Relative Strength Index (RSI) sitting at 50.2, which typically signals equilibrium between buying and selling pressure.

The four major moving averages are stacked bearishly above price, indicating a downtrend, while Fibonacci retracements show weak structural support.

Bullish signals from MACD and On-Balance Volume (OBV) indicate that smart money is quietly building positions, but this is being offset by the bearish moving average structure and dense overhead resistance.