AVAX tests $6.50–7.00 support after triangle breakout
- —AVAX trades near $7.55, above the 20 EMA ($7.43) and 200 EMA ($7.31)
- —RSI on the 4-hour chart at 57.09, above the neutral 50 mark
- —Trading volume fell 5.87% to $371.9 million, open interest rose 5.91% to $288.3 million
- —Janus Henderson became an Avalanche validator and holds a stake in Tranched with $300 million in on-chain assets
Why it matters: Holding the $6.50–7.00 zone would keep AVAX's recovery intact, while a break above $7.80 would open the way to $8.10–8.30.
Source: Blockonomi