I think FRVP gives a very good result in identifying support and resistance. In this direction, a FRVP that we will apply to the Avax chart in the weekly timeframe shows us that the 17.50 level is support and AVAX is sitting on this support. I think the return from this level in the weekly timeframe is very positive.
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Avax fell below FRVP support on a weekly timeframe. If it doesn't go over the FRVP level this week, that would be a negative sign.
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AVAX tried to break FRVP resistance, if it breaks it we can turn bullish momentum again.