Avalanche finally snapped out of its tight chop after breaking through $16.20 resistance. Price had been grinding lower for hours until a sudden pivot created a V-shape recovery, pushing through lower highs and flipping intraday structure bullish. AVAX is now testing the $16.85–$17 zone – a minor supply area. If bulls hold $16.40 on the next dip, expect continuation toward $17.20+.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.