
$AVAX on the move again; can it break $7 now? It is currently testing a major zone that capped its last attempt.
$AVAX rallied from its $6.0 low over the weekend to $6.98 earlier today, nearly touching $7.0. However, it got quickly rejected and is now correcting around $6.8. On the 4H chart, the MACD is clearly bullish, with the RSI still looking strong for more leg up before pushing to overbought territory.
This current move of $AVAX has genuine volume, and it looks like it might eventually close above $7.0 today; it’s already making a monthly high.
On the fundamental side, Kenya's national examinations body, KNEC, has placed more than 30 million academic records onto the #Avalanche network as part of a new credential-verification system aimed at cutting down certificate fraud. This new expansion is one of Avalanche’s largest public-sector deployments to date, extending the chain's use case beyond DeFi and into government infrastructure.
$AVAX needs to keep this correction above $6.70 with sustained volume for a good rally above $7.0. If it falls below $6.50 into the $6.30 levels, then it would clear all its gains to find support around $6.0 as the RSI cools off.
Levels to watch out for from here:
On the long path: $6.70 - $6.80, then $7.0 and above.
On the down path: A break of $6.50 isn’t a friendly zone for longers.
