AVAX's current technical patterns suggest potential growth, with recent market activity indicating a possible breakout beyond critical Fibonacci levels.
AVAX's Current Market Situation
According to market analyst Javon Marks, AVAX has experienced fluctuations, moving from a prolonged downward trend to an upward one. Initially, the cryptocurrency experienced a steep drop, hitting lower highs and lows. However, the formation of a higher low may indicate an early trend reversal.
Price Consolidation and Prospects
After a strong uptrend, AVAX entered a consolidation phase, with the price fluctuating within a defined range while maintaining a bullish structure. The higher low remains intact, reinforcing the likelihood of continued upward movement.
Future Projections and Possible Changes
AVAX's price action continues to respect Fibonacci levels and key support zones. If the current structure holds, a breakout above resistance could accelerate gains. However, price movement depends on holding critical support levels, and any breach could signal a trend shift.
AVAX's current market structure supports a bullish sentiment, and analysts keep an eye on the reaction to upcoming resistance levels. Sustained movement may lead to significant changes and price increase.
