R3N

#Avalanche has been grinding through a choppy range on the 4-hour timeframe, and the price action over the past week tells a fairly clear story. After pushing toward the $9.90 area mid-April, AVAX ran into supply and rolled over sharply, dropping into the $9.00–$9.10 demand zone that had previously acted as a launchpad. That zone held, and price is now trading at $9.37 — trying to stabilize and build a case for continuation.

The chart structure is layered with two visible demand blocks. The upper grey zone sits between roughly $9.00 and $9.15, which is where price just wicked into and recovered from. Below that, a deeper zone extends from $8.50 to $8.80 — a broader area of confluence that would likely absorb any heavier flush if the current bounce fails to follow through.

What to watch now is whether $AVAX can reclaim and hold above $9.40 on this 4H timeframe. The projected path drawn on the chart suggests a brief consolidation or minor dip around the $9.15–$9.20 area before a push toward $10.00 resistance. That upper boundary has been marked clearly, and a clean break above it would shift the short-term bias meaningfully bullish.

The broader context matters here too. $AVAX has been ranging since early April, making lower highs while demand zones continue to absorb selling. That kind of structure either coils into a breakout or eventually exhausts buyers — which is exactly why the $9.00 level deserves respect. It's been tested multiple times now.

Current price holding above $9.30 keeps the bounce scenario alive. A close back below $9.10 on this timeframe would be a warning sign worth taking seriously.

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