$AVAX is currently compressed within an ascending wedge pattern on the 1-hour chart. Price continues to form higher lows along the rising support line, but faces resistance from the descending resistance trendline — signaling narrowing volatility. 📊 Key Levels:
• Resistance: 9.65 – 9.75 • Support: 9.45 – 9.50
A breakout above resistance could open the door to 9.90 – 10.00.
A breakdown below support could trigger a pullback toward 9.20.
$AVAX is currently compressed within an ascending wedge pattern on the 1-hour chart. Price continues to form higher lows along the rising support line, but faces resistance from the descending resistance trendline — signaling narrowing volatility. 📊 Key Levels:
• Resistance: 9.65 – 9.75
• Support: 9.45 – 9.50
A breakout above resistance could open the door to 9.90 – 10.00.
A breakdown below support could trigger a pullback toward 9.20.