Avalanche’s native asset, AVAX, slipped by 1.82% in the past 24 hours, trading at $6.14. The token recorded an intraday low of $6.01 and a high of $6.60, with prices staying near the lower end of the range as broader market sentiment remains cautious. Avalanche, a leading blockchain platform recognized for decentralised application and digital asset transactions, currently finds market participants wary amid the recent pullback.
Short-term resistance at $6.45 remains key for upside
Analyst Trader Symba notes that for AVAX to regain upward momentum, the price must break above the $6.45 resistance. This critical level has previously been crossed briefly, but the price could not sustain itself, leading to renewed selling pressure. Analysts underline that bears remain active at the $6.45 mark, capping AVAX’s recovery attempts.
According to analysts, for AVAX to achieve a stronger short-term rebound, it is essential to reclaim and hold above the $6.45 level as support.
If AVAX pushes above $6.45 and defends that zone, the $6.60 to $6.65 range could come into play as the next target. However, another rejection at resistance may prompt a drop back to $6.10, and potentially test the $6.00 support area.
Table of notable support and resistance levels
| Level | Significance |
|---|---|
| $6.45 | First major short-term resistance |
| $6.60 – $6.65 | Next upside range to watch |
| $6.10 – $6.00 | Key support zone in any pullback |
Push above $6.65 may signal stronger recovery
Some market observers are now turning their attention to the $6.65 threshold. Despite AVAX’s efforts to establish a base, the price continues to trade below the primary resistance band. Optimism for sustained gains in the short run, analysts say, will likely require not only a break above $6.45 but also confirmation above $6.65.
If AVAX can hold above $6.65, the short-term outlook could improve, with targets in the $6.90 to $7.00 region coming into view.
Failure to clear this level could leave AVAX trading in a narrow range between the $6.00 support and the $6.45-$6.65 resistance band, indicating a neutral to weak bias until a decisive breakout takes shape.
Short-term support, on-chain activity and market signals
For traders focusing on shorter timeframes, the $6.00 – $6.15 range stands out as a core support zone. As long as this area holds, there is potential for AVAX to attempt another move toward $6.45. If this upper threshold falls, the $6.80 – $7.00 range could become the next major target.
On the on-chain side, recent data showed a significant withdrawal of 238,651 AVAX—worth approximately $1.5 million—by a large wallet from Bybit. While sizable withdrawals by major holders can sometimes suggest a reduction in selling pressure, analysts note this signal alone does not alter the broader technical landscape.
For downside scenarios, initial critical support is found between $6.05 and $6.00. A drop below this zone could open the way for further losses towards $5.85 and $5.70. If selling accelerates beyond these points, the wider support area at $5.50 could be tested.
