Technical analysis by EtherNasyonaL about Symbol AVAX on 10/8/2025

AVAX is trading below the long-term descending resistance line on the weekly chart. The price is moving within an ascending channel, rebounding upward from a strong demand zone. This structure signals a potential trend reversal. If the critical downward trend breakout occurs, a new upward wave will begin in the market structure. The area to watch: weekly close above the resistance line. Expectations are high, confirmation is required.