Technical analysis by Mihai_Iacob about Symbol AVAX: Buy recommendation (10/8/2025)

After breaking the key resistance zone at $26.60, AVAX surged strongly, reaching a high of $36.60 in one decisive leg up. Now, the price is pulling back to confirm the breakout, approaching the previous resistance, which could now act as support. This area represents a confluence zone, aligning with the rising trendline from June, and may serve as a strong accumulation level for bulls preparing for the next upward leg. From a risk/reward perspective, this setup is also attractive, offering an estimated 1:4 ratio — a solid structure for a technical long entry. I’m looking to buy around this zone, with expectations for a continuation toward new highs once confirmation appears. 🚀