$AVAX is shaping a clear impulsive structure from the recent low near 7.55, and price action is now transitioning from correction → expansion.

What the chart shows clearly:

Wave (1)–(2) formed the base

Strong impulsive wave (3) pushed price higher

Wave (4) completed with a healthy pullback and sideways digestion

Price is now attempting wave (5) expansion

Fibonacci projections for Wave (5):

0.618 extension → ~9.52

1.0 extension → ~9.89

1.618 extension → ~10.50

Current price is hovering around 9.15–9.20, which is a decision zone:

Holding above this region keeps the bullish wave structure intact

This sideways action looks like energy buildup, not distribution

🔼 Bullish continuation

As long as price holds above 8.95–9.00

Expect gradual push toward 9.52 → 9.89

Momentum continuation could extend to 10.50

🔻 Invalidation

A clean loss below 8.85

Would weaken the wave (5) thesis and delay expansion