Avalanche’s AVAX stalls below $9.77 resistance as charts flag possible 13.5% slide toward $8.25

Avalanche’s AVAX traded around $9.57 with a 2.5% daily gain and an intraday high of $9.9352, but its four-hour structure shows price capped inside a channel between $8.25 and $9.77. As the token rejects the upper boundary, technical signals and derivatives positioning point to a potential 13.5% drop toward the channel low, with short sellers and exchange inflows currently in control.