Avalanche (AVAX) price has once again reached a resistance level, drawing traders' attention. After several weeks of sideways movement, the price is hovering around $20 to $22.
Current Market Situation for Avalanche
AVAX price movements are nearing a key resistance that has proven tough to crack multiple times. Analyst Crypto Rand noted that the AVAX price is "pushing on the main downtrend resistance" and stated that a break above $20 may signal a trend reversal.
Key Support and Resistance Levels
The AVAX chart highlights several key support zones. The $15.50–$17.00 range has held since May, offering buyers a foothold. Below that, the $10.50–$13.00 area is a long-term support level that has been tested multiple times.
AVAX Price Movement Outlook
If AVAX can break the $20–21.50 level with volume, it could mark the start of a new cycle in its pricing structure. Conversely, if the price fails to break these levels and falls below $19.50, sellers may dominate, pushing the token back toward $17 or lower.
Avalanche (AVAX) is at a technical crossroads, and the coming days could determine its short-term price direction. Observers will be watching closely for action around key support and resistance levels.
