AVAX Losing Momentum Inside Range – Breakdown Risk Building

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AVAX Losing Momentum Inside Range – Breakdown Risk BuildingAVAX / TetherUS PERPETUAL CONTRACTBINANCE:AVAXUSDT.PCryptoCoinsCoachAVAX is trading inside a tight consolidation range after a strong recovery from its recent lows. Price is currently trapped between key Fibonacci levels while testing a major resistance zone, showing that buyers and sellers remain in balance. Although the overall recovery structure is still intact, momentum has slowed considerably as price approaches overhead resistance. A breakout above the range would strengthen the bullish case, while losing the lower boundary could trigger a deeper retracement toward the rising trendline and lower support levels. For now, this is a patience zone. The next decisive move will likely come after price escapes the current consolidation range. Key Levels 🟢 Support: 6.67 → 6.178 → 5.95 🔴 Resistance: 6.74 → 7.00 📈 Bias: Neutral until price breaks out of the current range. ⚠️ Wait for confirmation before anticipating the next major move.