$AVAX
The market can stay quiet for days and then suddenly everything changes in a few candles.
That is exactly why AVAX is interesting right now.
The leaderboard snapshot shows AVAX around 7.546 with a 4.85 percent daily gain. Current technical data is also showing a constructive setup, with several moving averages turning positive and the nearby technical zone concentrated around 7.35 to 7.45.
The first thing I want to see is whether AVAX can defend the 7.30 to 7.40 region. If buyers continue absorbing every dip there, the next test becomes 7.55 and then the psychological 8.00 level.
Above 8.00, the chart becomes much more interesting because momentum traders are likely to start paying attention. A sustained breakout supported by increasing spot volume would be the confirmation I want.
The broader market is also important. Bitcoin has recently pushed above 80,000, while institutional Bitcoin ETF flows have returned strongly. If that strength begins rotating into large cap altcoins, AVAX could become one of the names that benefits from the second wave.
EP: 7.35 to 7.55
TP1: 8.00
TP2: 8.60
TP3: 9.20
SL: 7.05
I am watching the support, the volume and the breakout together. If all three align, the move can become much larger than the first green candle suggests.
I am ready for the move.
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