Avalanche (AVAX) price is showing slight, yet noticeable growth, attracting traders' attention after weeks of sideways trading.
Current Market Situation
AVAX continues to battle a major horizontal resistance zone that has capped all previous breakout attempts. The charts indicate that AVAX price has approached this level again and is showing signs of forming a setup for a potential breakout.
Reasons Traders Are Watching Closely
Traders are closely observing developments, as clearing this resistance could signal the start of the next recovery phase. Notably, buying activity appears to increase earlier with each price dip.
Outlook for AVAX
Beyond technicals, the overall cryptocurrency market is beginning to attract interest toward altcoins following recent Bitcoin dominance. The Avalanche ecosystem continues to show growth, supporting long-term investor confidence. If AVAX price can break through the resistance zone, this could validate the recovery narrative anticipated by many traders.
All eyes are on the resistance level. If AVAX manages to break through, it may confirm a positive scenario; otherwise, bulls will need to defend recent support levels.
