$AVAX /USDT
AVAX is currently holding strong at the lower border of the descending triangle pattern on the weekly timeframe
This level has acted as a key support zone, and price reaction here is crucial. Historically, strong bounces from this structure can lead to a solid relief rally or even a trend reversal if volume steps in.
Why this level matters:
Major weekly support confluence,
Liquidity resting below the triangle,
Potential for short squeeze if buyers defend.
As long as the support holds, this could be a strategic accumulation zone for mid-to-long term positioning.
A clean weekly close below support would invalidate the bullish outlook and open downside continuation.
Always manage risk properly.
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