The analysis reviews AVAX's price action, noting it's holding bull market support between $12.50 and $16.80. A sharp decline on Friday is mentioned, with differing chart structures across exchanges. The Coinbase chart shows a higher low. The analyst doubts the reliability of this setup, pointing out some exchanges formed a lower low, potentially resetting Wave B. A support area has held throughout the year, yet the market hasn't impulsively moved away. Bulls need to push the price above the first trend line at $36, followed by the $44.50 area, which marks the upper trend line of the corrective price channel.