Focus on the $AVAX 5-minute chart: Bearish bias is expected.
The market structure appears to be clearly bearish, with prices continuing to hover below key resistance levels. All indicators point to strong downward momentum.
A break below 13.30 could see prices test support around 13.20, and if selling pressure intensifies, it could even fall further to 13.07. Conversely, if prices regain above 13.41, they could test resistance around 13.46. Unless a strong reversal signal emerges, the market is likely to remain bearish, therefore caution is advised.