Avalanche made an attempt above the 200 SMA near $22.10, but failed to punch through the key $22.35–$22.40 resistance. Price is now coiling beneath resistance, with RSI drifting just above 50, suggesting indecision. Until bulls crack that level and hold above, it’s a stall zone with fakeouts likely.
🔴 SHORT bias below $22.35 — this area is acting as a supply ceiling.
🟢 Flip $22.40+, and buyers may accelerate toward $22.80.
📊 Keywords: #AVAXUSD #RangeTest #RSINeutral #SMAClash #BreakoutTrap #BearFade #LiquidityZone
🔴 SHORT bias below $22.35 — this area is acting as a supply ceiling.
🟢 Flip $22.40+, and buyers may accelerate toward $22.80.
📊 Keywords: #AVAXUSD #RangeTest #RSINeutral #SMAClash #BreakoutTrap #BearFade #LiquidityZone
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Disclaimer
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.