AVAX Price Eyes Breakout as Staking Reaches 43%

AVAX price is about to test resistance at $9.00 following a recovery off the lower trend line of a four-hour falling wedge. A four-hour falling wedge points towards $11.20, but confirmation requires a sustained break above descending resistance. The recovery pattern would be confirmed if $9.00 is cleared, and if it is rejected support near $8.50 and $8.00 may be seen. AVAX price is approaching a technical decision point as renewed buying meets resistance, while staking data shows substantial participation in network security. AVAX Price Approaches Falling Wedge Resistance ZAYK Charts recently identified a falling wedge on Avalanche's four-hour chart.

Source: CryptoNewsLand