AVAX Tests Support Zone Near FVG, Potential Bounce to $13.18
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Support Zone Testing: AVAX is currently trading at approximately $12.43, testing its Fair Value Gap (FVG) support zone, which may lead to a short-term bounce towards $13.18, providing potential buying opportunities for traders.
- Price Pattern Analysis: The formation of an ascending triangle on the 4-hour chart indicates a bullish continuation signal, suggesting that a breakout above the $12.55 resistance could propel the price further to the $12.90-$13.30 range, enhancing market confidence in its future performance.
- Market Dynamics Observation: Despite the current bullish structure, market conditions remain a key factor for price movement, as any failure to break above resistance could lead to a downside move, necessitating traders to closely monitor volume trends.
- Trading Strategy Recommendation: Staying updated on price behavior is crucial, especially around the $12.45-$12.55 resistance zone, and as long as AVAX holds the ascending trendline, traders should cautiously assess market risks to optimize their investment decisions.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






