AVAX Range Retest in Focus, Continuation ? AVAX / TetherUSBINANCE:AVAXUSDTCoinJarAVAX price action has recently broken out of its established trading range and is now undergoing what appears to be a potential bullish retest of the breakout region. This area may be important in determining whether the market can maintain the recent shift in price structure. If AVAX successfully holds above the former range boundary and the current retest is supported by continued buying momentum, the possibility of further price expansion towards the $9 resistance region may increase. However, a sustained move would depend on price maintaining acceptance above the breakout level and demonstrating continued strength as it approaches higher resistance. Conversely, if price action fails to hold the current retest and moves back below the former range boundary, the bullish breakout interpretation may weaken. In this scenario, the possibility of price rotating back towards the lower boundary of the previous trading range could become more relevant. Overall, the current retest represents an important technical area for AVAX. The market's ability to hold above the former range or fall back below it may provide further insight into the immediate short-term direction. ----------------------------------------------------------------------------------------------- Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more: coinjar.com/uk/risk-summary The article is an opinion expressed by the author at a point in time and does not represent the views of CoinJar UK Limited or CoinJar Australia Pty Ltd. Take care to consider the date of this article and be aware that this opinion is based on circumstances at the time of publishing. No responsibility or liability is accepted for any errors of fact or omission expressed therein. Past performance is not a reliable indicator of future results. This above article is not to be read as investment, legal or tax advice and it takes no account of particular personal or market circumstances; all readers should seek independent investment advice before investing in cryptocurrencies. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets.In the UK, it's legal to buy, hold, and trade crypto, however cryptocurrency is not regulated in the UK. It's vital to understand that once your money is in the crypto ecosystem, there are no rules to protect it, unlike with regular investments. You should not expect to be protected if something goes wrong. So, if you make any crypto-related investments, you're unlikely to have recourse to the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS) if something goes wrong. ----------------------------------------------------------------------------------------------