$AVAX Short-Term Rebound Attempt – 1H & 4H Outlook ⛰️
Avalanche is trading around $6.50–$6.65 after volatile sessions. On lower timeframes it’s attempting a relief bounce, but higher-timeframe structure remains cautious.
1H Chart:
• Support: $6.40–$6.45
• Resistance: $6.70–$6.80
• Momentum: Short-term bullish attempts with higher lows forming, but volume is fading and it’s struggling to sustain gains.
4H Chart:
• Support: $6.30–$6.40 (key zone to hold)
• Resistance: $6.80–$7.00 (recent supply rejection area)
• Momentum: Downtrend still dominant — price rejected at supply zone, though oversold