AVAX: Consolidates at $6.78 Near Resistance
AVAX trades at $6.78 inside tight consolidation after recovery, testing resistance with neutral RSI and bullish MACD on 4h chart.
SourceAnalysis
AVAX trades at $6.78 inside a tight consolidation range after recovering from lows over the past six months.
Buyers and sellers balance near key Fibonacci levels while momentum slows into overhead resistance, keeping the bias neutral until a breakout.
Price action on the 4h chart shows AVAX testing upper Bollinger resistance at $6.83 with RSI(14) at 61.19, while the MACD golden cross at 0.07 supports continuation; a healthy retracement to the EMA50 support at $6.56 appears probable before further upside.
Traders watch the $6.67 support and $6.74 resistance for the next decisive move in this AVAX price prediction setup.
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