AVAX/USDT Break the descending channel, Ready for continue up??

💎 AVAX's market behavior has recently displayed remarkable dynamism. Currently, AVAX has made a notable breakout from its descending channel pattern and is in the midst of a retesting phase at a pivotal support level. This phase is crucial for AVAX to validate its breakout and continue its ascent towards a significant resistance target.

💎 However, if AVAX struggles during the retesting phase at the support level, exhibiting signs of failure or breakdown, it may indicate a false breakout. This scenario could potentially lead AVAX to revisit the demand area around 31.3, a critical juncture for determining its future trajectory.

💎 Historically, AVAX has demonstrated a strong rebound when reaching the demand zone, suggesting a similar potential response in the current context.

💎 Nonetheless, a lackluster reaction or inability to hold the demand zone could signal bearish trends, possibly leading to a breakdown of this area. Should this occur, AVAX's next directional move could be towards the Bullish OB area, marking a key area for future market movements.