$AVAX 1W HIGHER TIME FRAME UPDATE ✅
📌 $AVAX Technical Analysis: The market has experienced a significant massive dump, falling from the $60 level down to the $15 range. On the weekly chart, the price has been strictly respecting a descending trendline, having been rejected twice already.
📌 Major Support Zone:
Weekly Demand: AVAX has now dropped into a multi-year support zone near $11–$15 that has historically held the range multiple times.
The Opportunity: This area represents a crucial confluence of long-term trendline support and historical buyers.
Sentiment: While short-term momentum has been bearish, the higher timeframe structure is testing a "bottoming" area.
📌 Bullish Outlook:
The Pivot: If the price successfully holds this weekly support zone, we could see a powerful trend reversal.
Confirmation: Watch for a breakout above the descending trendline for a shift to macro-bullish momentum ✅
