AVAX 30m – Compression Into Support, Breakout or Breakdown Next?

AVAX has been grinding down inside a descending triangle, pressing into a major support zone that’s already seen multiple reactions.

📉 Price action is currently wedged between:

Strong horizontal demand (white box)

Well-defined trendline resistance (descending white line)

Today’s wick below support was aggressively bought up — but until we get a clean break from this squeeze, momentum remains neutral at best.

🔍 What We’re Watching:
Support holding = possible spring and breakout setup

Rejection from trendline = bearish continuation structure

Stoch RSI reset = momentum is primed for a move in either direction

This is a textbook example of compression → expansion. Break + retest setups will be key