AVAX is showing a trend, recently recovering its price, which raises interest in its potential movements going forward.
AVAX: Current Price and Horizontal Channel
AVAX is trading within a well-defined horizontal channel, with a recent rebound occurring near the $21.50 midrange level. This price zone acts as significant support and may lead to a potential movement towards the $25 resistance.
Market Situation Analysis
The price structure of AVAX confirms consolidation that began in February 2025. Support around $20.50 may hold significant impact. As stated by Alpha Crypto Signal, "$AVAX just bounced off the midrange zone... If this midline continues to hold, we could see $AVAX push back toward the upper boundary of the channel."
Future Prospects for AVAX
As long as prices hold above $21.00 and $20.50, the possibility of reaching the upper boundary of the range remains. However, a breakdown below the current support could lead to a revisit of the $18.00 level.
Considering the current situation, AVAX shows a cautiously bullish sentiment, remaining at the upper end of the range. Monitoring price movements relative to support and resistance levels may provide key insights for future market actions.
