AVAX 4H Channel Support, Bounce or Breakdown?

Avalanche is pressing into channel support on the 4H chart after a steady pullback. Current price is sitting at $22.6, a level that has repeatedly acted as near-term demand.

Holding $22.6 could spark a rebound toward $25 resistance.

A breakdown targets the next demand zone at $21, with channel support extending toward $19.

Stoch RSI is oversold, giving bulls a chance to defend — but the reaction here decides whether AVAX bounces or slides deeper into the channel.