Avalanche (AVAX) is currently trading at $9.33, posting a 1.53% daily gain despite a sharp 44.38% drop in trading volume to $254.91 million, according to data from CoinMarketCap. The token has risen 7.29% over the past week, reflecting short-term stability within a broader uncertain trend.
The asset remains confined within a tight consolidation range between $8 support and $10.5 resistance, as traders monitor for a breakout or breakdown. This prolonged sideways movement follows a steep correction phase, placing AVAX at a critical technical juncture.
Avalanche Price Pattern Signals Potential Drop
According to crypto analyst Crypto Lens, AVAX may be repeating a historical pattern that previously led to a sharp decline. In an earlier cycle, the token traded within a 35-day range before breaking down and losing nearly 50% of its value.
A similar consolidation phase has now extended to nearly 50 days, with repeated rejections near resistance levels indicating persistent selling pressure. The broader trend remains bearish, reinforced by a downward-sloping moving average and weak momentum at higher levels.
Analysts suggest that if AVAX fails to hold the $8 support zone, the price could decline toward the $4.5–$5 range. This projection is based on a measured breakdown from the current trading range and reflects continued bearish control in the absence of strong buying demand.
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Signs of Selling Pressure Exhaustion Emerging
In contrast, analyst Profit Demon highlights a potential bullish scenario forming within a descending channel pattern. AVAX has been trending downward since late 2025, marked by lower highs and lower lows, but recent price action suggests possible exhaustion of selling pressure.
The token is currently testing the upper boundary of the channel while maintaining support near the $8.70–$9.00 zone, which has historically acted as a demand area. Increased price compression and intermittent volume spikes indicate that accumulation may be taking place.
A confirmed breakout above the $10.5 resistance level would signal a shift in short-term momentum, potentially driving prices toward $15.00. If bullish momentum strengthens, further upside targets include $18.50–$20.50 and $24.00, aligning with previous supply zones.
However, failure to maintain support near $8.70 would invalidate the bullish outlook and could push AVAX toward lower levels between $7.50 and $6.50.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read | Avalanche (AVAX) Channel Breakout Signals Potential Rally Toward $20
