Looking at AVAX's recent movement, after bouncing from the bottom, it formed a converging triangle. It is now in a quite interesting position. The buyers have been holding the lower ascending support line. As long as this line is not broken, there is potential for further upward attempts to test the previous resistance level.

From a technical perspective, the structure is leaning bullish, but the key premise is that the support must hold steady. In simple terms, there are only two things to watch: the lower ascending support and the upper trend resistance. The market will either find a breakout direction between these two lines or continue to consolidate. The current movement feels somewhat passively compressed, and once the direction becomes clear, the reaction could be quite swift.