AVAX 1H – FVG Retest Lining Up, But Will 24.25 Cap the Move?

Avalanche broke above a prior swing high and filled upside space before pulling back toward an unfilled Fair Value Gap (FVG) in the 22.8–23.0 range. This zone aligns closely with EMA support and prior structure, making it a key short-term decision point.

If buyers step in here, the next upside target remains the 24.25 resistance — a level that has capped price action in the past. A failure to hold the FVG zone could open the door for a deeper retrace into the 22.2–22.3 support area.

Key watchpoints:
– FVG retest at 22.8–23.0 for potential bounce
– Overhead resistance at 24.25
– Stoch RSI cooling off from overbought, allowing room for a fresh leg higher