AVAX 4H – Support Retest Underway, But Will the Trendline Hold?

Avalanche is approaching a high-stakes support cluster — with ascending trendline support and a previous demand zone lining up perfectly. After a sharp move down from the $26 highs, bulls are watching closely to see if this higher low structure can hold.

🔹 Key Structure & Zones

Price is consolidating between the $20–$23 range.

The mid-level supply zone around $22.80 has repeatedly rejected price — a reclaim would flip structure bullish again.

The white trendline has been respected since late June and is lining up with key support — this is a textbook decision point for trend continuation.

🔹 Momentum Check

Stoch RSI is near oversold, priming for a bounce setup.

Bullish case: higher low → reclaim $23 → push toward $26.30 and possibly $27+.

Bearish case: trendline break → revisit the lower $20 demand box.

🔹 Scenario to Watch

Entry setups may emerge on wick into the trendline with momentum curling up.

$23 is the key short-term reclaim level — above that, momentum could accelerate fast.

Will this structure hold and launch the next leg up — or is AVAX setting up for a deeper flush?
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