AVAX: Trader Flags Range-Bound Volatility Setup

AVAX remains trapped in a tight range according to Michaël van de Poppe, who anticipates a sharp volatile breakout with the optimal path involving a sweep of recent lows followed by immediate reversal.

Price action at $6.42 sits beneath both the EMA50 at $6.46 and EMA200 at $6.52, confirming the bearish trend structure while the MACD death cross at -0.01 reinforces downside momentum. With RSI at 48.7 holding neutral territory and price contained inside the Bollinger Bands, the next decisive move likely targets the lower band support near $6.24 before any sustained recovery attempt toward upper resistance at $6.68.