Resistance Reclaim and Session Context

$AVAX has cleared its nearest 4-hour resistance at $6.92, now holding above that level with the asset trading near $6.96. The 24-hour gain of 6.76% reflects accumulation momentum into this zone. This breakout occurred across multiple sessions, with traders watching whether conviction can sustain through the London-New York overlap - typically when institutional positioning becomes more visible on the order book.

Structural Setup: The Path to $9.05

The 4-hour chart shows $AVAX approaching a larger structural ceiling at $9.05, which represents the next meaningful resistance. The distance from current price ($6.96) to that level is approximately 2.09 (30% measured move). This gap represents the "sweep" traders monitor for mean reversion - a zone where sellers have previously defended price action. Volume at $234M over 24 hours provides moderate liquidity context; traders should track whether volume expands or contracts as price approaches the $9.05 target. Fibonacci retracements from a prior swing high would likely align with intermediate resistance around $7.50-$7.75, offering a secondary test point if momentum pauses.

Technical Confirmation Levels

The break above $6.92 closes off a failed support test at lower levels, creating a higher low structure on the 4-hour timeframe. This pattern reduces the relevance of prior support; sellers who shorted the $6.50-$6.70 band are now managing positions underwater. RSI momentum on the 4-hour is worth monitoring - if it remains above 50 and sustains, the move has technical backing. If RSI diverges or fails to confirm new highs above 70, price could consolidate or pullback into the $6.50-$6.75 band before attempting the $9.05 drive. MACD histogram expansion on the 4-hour would indicate strengthening momentum; a flattening signal suggests traders are taking profits ahead of the next resistance cluster.

Market Structure and Risk Framework