AVALANCH is watch list material.

AVAX is still trading inside a clear descending channel, but the structure is beginning to show early signs of exhaustion from sellers. Price is sitting right on a major historical demand zone, one that has acted as a pivot multiple times in the past.

Momentum indicators are showing something the chart hasn’t offered in months: repeated bullish divergences across momentum and trend oscillators. Each new lower low in price is being met with a higher low in momentum. That’s often the first signal that a trend is preparing to shift.

The volume profile also shows a heavy concentration of interest just below current price. If buyers can hold this region, the next high-volume node doesn’t appear until much higher, suggesting potential room for a sharp relief move.

The key levels remain the same: hold the floor, break the channel, and the trend changes. Lose the floor, and the chart goes deeper into the lower ranges.

AVAX is approaching a point where the risk-to-reward begins to favour the patient. Watching closely for a clean break back in the range and confirmation from momentum.

What are your thoughts on AVAX here?