Avax at a crossroads: Bulls build momentum, but sellers resist

AVAX’s price is nearing the peak of its months-long ascending triangle pattern. A recent bounce from the support line has resulted in over a 12% price increase, indicating bullish momentum, but sellers continue to pose challenges.

Current market conditions show that while bullish momentum is present, active selling complicates the situation. High liquidity levels could facilitate a breakout if sellers are forced out, particularly near existing liquidation clusters.