This asset (AVAX) has made some positive runs lately. However, this asset haven rallied up to FIB61.8, I feel it is time for the retracement to happen.
I feel AVAX need to pull back to $90 zone for the bull momentum to come into action once again. If this happens, then we should see AVAX break beyond $100 and even hit the $110 zone of the ascending channel.
Always remember that positive tokenomics (news) will be a quick way to push this asset to the moon. negative news can also be the other way round.