The price of Avalanche (AVAX) dropped by 4.78% to $25.37 after reaching a daily high of $26.50. This decline comes amid strong resistance from buyers.
AVAX Price Drops After Rally
On July 29, 2025, Avalanche (AVAX) dropped by 4.78%, closing the day at $25.37 after hitting a high of $26.50. The token had previously rallied over 64% in six weeks, rising from $16.50 to above $27.20. However, the uptrend has halted near the $27.25 resistance zone, a historical barrier that kept prices from rising further.
Technical Indicators Signal Uncertainty
Current market activity suggests a lack of confidence among traders. Momentum indicators present neutral signals. The Relative Strength Index (RSI) is at 53.92, indicating that the market is neither overbought nor oversold. The MACD lines are nearly flat, and the histogram reading is 0.00, confirming that momentum is slowing.
Fundamentals and Market Metrics in Focus
AVAX's market cap currently stands at $10.71 billion. Daily trading volume rose by 49.84% to $1.1 billion, showing high liquidity and short-term interest. The volume-to-market cap ratio is 10.29%, indicating significant activity relative to the asset's size. Notably, Youmio recently referred to Avalanche as 'the first L1 for AI agents,' indicating growing fundamental support.
With the current price dynamics of AVAX, traders are focused on maintaining the support level at $25.00. A break below this could lead to further declines, while positive momentum could push prices back towards the $25.80–$26.00 range.
