Buyers show strong accumulation patterns at key support levels despite broader market uncertainty.
A Chainlink price feed’s alleged malfunction led to more than $500,000 in liquidations on May 29, sparking fresh debate over the reliability of oracles in DeFi. According to reports, Chainlink’s price oracle for the deUSD stablecoin inaccurately reported its value at $1.03. The incorrect data triggered liquidations for users holding deUSD-denominated debt on Avalanche’s Euler […]
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Some onlookers think this decentralized market function could be improved either through stablecoin price caps or "more resilient" algorithms.
The wealthy New York City suburb will migrate 370,000 property deeds — representing about $240 billion worth of real estate — onto an immutable, searchable blockchain ledger.
Solana may lag Ethereum in the near term until new use cases beyond memecoins gain traction, according to Standard Chartered.
Avalanche (AVAX) just took a sharp turn as it drops below a key 4-hour trendline, signaling a potential shift in momentum that has traders on high alert. What once looked like a steady climb has suddenly faltered, raising concerns about further downside pressure for the crypto asset if buyers fail to reclaim control. Failure To Reclaim May Trigger New Lows For Avalanche In his recent post, TradingGain noted that “Avalanche breakdown signals a shift in momentum from bullish to bearish,” marking a pivotal moment for the asset. The price has slipped below a key trendline on the 4-hour chart, which had previously provided strong support during the recent uptrend. This breach suggests that selling pressure is beginning to outweigh bullish momentum. Related Reading: Avalanche (AVAX) Eyes 30% Rally Amid Cup-And-Handle Pattern Breakout He further pointed out that AVAX is “currently retesting the broken trendline.” This stage is critical, as it often determines whether a breakdown will be confirmed or invalidated. If the bulls manage to push the price back above this level, there could be a chance for a rebound. However, a failure to reclaim the trendline might open the door for a deeper correction toward $21 and below.” This reinforces the need for traders to watch the price action closely in the coming sessions, especially around the retest zone, as it could shape the next major move for Avalanche. Momentum Fades As RSI Weakens Further strengthening the case for a bearish shift, TradingGain also pointed out that the Relative Strength Index (RSI) is flashing signs of weakness. The RSI has been steadily declining, reinforcing the idea that momentum is tilting in favor of the bears. This adds another layer of confirmation to the recent trendline break, suggesting that the upward trajectory may be losing steam. He emphasized the importance of closely monitoring price action between $22.8 to $23.0, a previous support region now acting as a potential resistance level. If AVAX fails to reclaim this zone and faces rejection, it could solidify the bearish narrative and open the door for further downside movement. For now, traders should remain cautious and watch how the market reacts around this crucial area. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? In his concluding remarks, the analyst urged traders to stay alert and avoid rushing into trades. He emphasized the importance of letting the market reveal its direction before making any decisive moves, especially with Avalanche sitting at a key level. At the time of writing, Avalanche is changing hands at approximately $23.74, posting a 6.61% increase in price over the past 24 hours. The upward move is accompanied by a 5.72% rise in trading volume, suggesting a fresh wave of market participation. Featured image from Getty Images, chart from Tradingview.com
Avalanche’s native token, AVAX, is gaining momentum in the current crypto market surge, buoyed by fresh institutional activity and a major partnership with FIFA. According to CryptoSlate’s data, AVAX surged by 11% in the last 24 hours, reaching $25.16 at the time of reporting. This continues a weeklong trend that has seen the token rise […]
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FIFA previously released a non-fungible token (NFT) collection on the Algorand blockchain in 2022 ahead of the Qatar World Cup.
FIFA will build its EVM blockchain using technology Avalanche L1 and migrate its NFT collection to the new network.
After reclaiming a crucial level over the past week, Avalanche (AVAX) faces resistance near the $27 mark. Some analysts have suggested that reclaiming this area could kickstart a rally toward the next key resistance levels. Related Reading: Ethereum Prepares For $2,850 Rally, But Analysts Warn Of Potential Dip To These Levels Avalanche Targets $32 Resistance Avalanche has seen a nearly 40% surge over the past week, jumping from the $19 mark to a three-month high of $26.84 on Monday. The cryptocurrency hit an 18-month low of $14.66 during the early April retraces but recovered around 37% ahead of its recent breakout. Amid the market recovery, AVAX has broken out of its five-month downtrend, which saw the cryptocurrency retrace over 73% from its Q4 2024 high. Moreover, Avalanche formed a 2-month Cup-and-Handle pattern, with the neckline at the $23 resistance. Analyst Sjuul from AltCryptoGems pointed out that the formation had a “super clean” target and was “in confluence with the next resistance level,” at around the $32 mark. This area, lost in early February, was a crucial resistance and support zone before the Q4 2024 rally and the Q1 2025 market shakeouts. After the neckline breakout and reclaiming this level over the weekend, the analyst noted that the target “is clear now.” As such, Avalanche could likely see another 30% rally toward the $32 mark. Meanwhile, analyst CW highlighted that AVAX has a key sell wall near the $27 level, where it has faced resistance over the past few days. However, if it breaks through this barrier, it could surge to the $36 level before facing the next selling wall near the $38.5 area. Another wall between the $42.5-$46.5 levels lies ahead. On the contrary, if the cryptocurrency gets rejected from the first resistance, the price could revisit the breakout levels and the downtrend line around the $20 mark, with a selling wall below it that could serve as support. AVAX To Repeat BTC And SOL’s Playbook? Crypto Amsterdam suggested that many altcoins, including Avalanche, are forming a setup seen in Bitcoin’s (BTC) and Solana’s (SOL) charts. According to the analyst, the setup follows a Macro range, divided into five cycle stages. The first stage, set during the bull market, sees a cryptocurrency move quickly toward the highs, setting the range’s upper boundary. During the second phase, at the start of the bear market, the token’s price records “steep lower lows and highs” toward the range’s low before moving to the third stage, the accumulation phase. In this stage, the cryptocurrency registers a deviation below the range’s low. The fourth stage sees the cryptocurrency register its first higher high and reclaim the range lows again. Lastly, the cryptocurrency moves toward the past cycle’s high during the fifth stage, breaking past the range’s high after reclaiming the mid-zone. Crypto Amsterdam explained that AVAX’s chart is “another super clean mini cycle example.” After hitting its all-time high (ATH) of $146 in November 2021, Avalanche set its range between the $20-$130 levels, falling below the range’s low in mid-2022. The cryptocurrency reclaimed the range low in late 2023, ending the third stage and entering the fourth one during the early 2024 rally. Since then, it has retested the range lows after its deviation, recovering this level during last week’s breakout. Related Reading: Bitcoin Faces Key Resistance After 10% Weekly Rally – Confirmation Or Rejection Next? If Avalanche continues to follow this setup, it must reclaim the mid-range, at around the $75 mark, to surge to the upper boundary and potentially hit a new ATH. However, the analyst also suggested that falling below the local bottom would invalidate the setup. Featured Image from Unsplash.com, Chart from TradingView.com
Avalanche’s native token rose in tandem with a surge in on-chain activity. AVAX has been able to sustain a 25% increase in the last week, as the network hit two new highs. Daily transactions reached nearly 11 million on May 11, 2025. Active addresses jumped to 950,000—the most since June 2023. Related Reading: Bitcoin’s Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling Record Transaction High According to the Avalanche Foundation, the platform saw its single-day transaction count hit 10.8 million. That figure tops every previous high. It shows a burst of action across DeFi apps, gaming projects, and automated scripts. Some of those transactions come from bots, but many reflect real users swapping tokens or minting NFTs. Activity across the Avalanche network is surging, with milestones achieved on May 11th, 2025: ???? 10.8M+ daily transactions — an all-time high ???? 950K active addresses — highest since June 2023 ???? Nearly 30M contracts deployed — and growing Momentum is building across the… pic.twitter.com/ZfN8PfoJqk — Avalanche Foundation ???? (@AvalancheFDN) May 12, 2025 Active User Growth Based on reports, nearly 950,000 addresses interacted with the network in one day. That is the strongest turnout in almost two years. Everyday people and developers both play a part. Nearly 30 million smart contracts have been deployed on Avalanche so far. Each new contract adds another tool or game for users. Price Moves And Market Trends AVAX broke above $24.55 resistance this week. That move linked up with a broader rally in top tokens, leaving AVAX about 110% higher over the past 14 days. Bitcoin raced past $105,000, and risk assets rallied after a US-China trade deal was signed in Switzerland. Stocks opened sharply higher, and crypto followed suit. Traders say looser trade tensions often lift coins. Avalanche is thriving going into Summit! Can’t wait to share what we and our partners have been working on. Even these numbers will look minuscule in time. https://t.co/5JK5cjNjNV — Emin Gün Sirer????⚔️ (@el33th4xor) May 12, 2025 Outlook For Avalanche Summit The network is heading into its Avalanche Summit in London with strong momentum. Ava Labs founder Emin Gün Sirer posted on X that milestones like these “will look minuscule in time.” He hinted that bigger announcements lie ahead. If new partnerships or protocol upgrades arrive at the summit, both usage and AVAX price could get another boost. The pullback in selling pressure has been in place since February. Now, buyers are stepping in again. That suggests confidence in Avalanche’s tech and its community. The token once hit an all-time high above $146 in November 2021. Since then, it has seen ups and downs, but the recent surge shows users and investors remain interested. Related Reading: Bitcoin’s $104,000 Peak Sparks High-Stakes Short Positions – Details Analysts at Nansen voiced a bullish view, too. Aurelie Barthere said she expects altcoins, equities, and even the US dollar to climb together. That outlook depends on continued positive news—both from markets and from Avalanche itself. For now, Avalanche stands among the top layer-1 blockchains in daily use. The numbers speak for themselves: 10.8 million transactions on a single day, nearly 1 million active addresses, and millions of contracts ready to go. Featured image from Gemini Imagen, chart from TradingView
Avalanche (AVAX) is now testing a critical support zone at the $20 level after a strong 55% surge from local lows registered in early April. This level could determine the next phase of price action, as bulls aim to reclaim control and push prices into higher territory. Holding this support is essential to maintain the bullish momentum built over the past few weeks. Related Reading: Ethereum Tests Critical Range: Breakout Or Breakdown? However, macroeconomic tensions and persistent global market volatility continue to weigh heavily on investor sentiment. With financial markets responding to rising geopolitical uncertainty and interest rate concerns, altcoins like Avalanche face mounting pressure. Despite the headwinds, some analysts remain optimistic. Top crypto analyst Ali Martinez recently shared a technical setup highlighting that AVAX is bouncing off the 200-day Simple Moving Average (SMA) on the 4-hour chart — a level often watched closely by traders. According to Martinez, this bounce could act as a pivot point for bulls, especially if volume increases and price action confirms strength above short-term resistance. A clean move higher from here could reignite AVAX’s uptrend and bring it back into focus as one of the leading altcoins in the Layer-1 ecosystem. The coming days will be crucial to confirm the direction. Avalanche Bounces From Key Level As Bulls Regain Momentum After months of volatility and sustained selling pressure, Avalanche is trading at a pivotal juncture that took the asset down from its earlier highs. Despite the difficult environment, sentiment appears to be shifting. Over the past few weeks, AVAX has drawn renewed attention from traders and analysts who believe the current structure could lead to a meaningful recovery. Market participants are closely watching for a confirmed reversal from the local lows to signal the beginning of a broader move into higher supply zones. According to Martinez’s insights, Avalanche is currently bouncing off its 200-day Simple Moving Average (SMA) on the 4-hour chart — a level often seen as a key dynamic support in trending markets. This bounce is further supported by the TD Sequential indicator, which has flashed a buy signal, indicating that bullish momentum could be building at this critical price level. For this reversal to gain real traction, AVAX must not only defend current support but also break through short-term resistance zones to establish a bullish continuation pattern. This week’s price action will be crucial, as the broader crypto market also seeks direction amid macroeconomic uncertainty. If bulls step in with conviction and volume confirms strength, Avalanche could position itself for a significant push toward the $25–$30 range. However, a failure to hold above the $20 level could result in further downside and a retest of previous lows. With technical indicators aligning and market sentiment improving, the next few sessions could define AVAX’s trajectory for the coming weeks. Related Reading: Cardano Consolidates In Symmetrical Triangle – Analyst Sets Bull/Bear Price Targets AVAX Price Details: Technical Levels To Watch Avalanche is currently trading at $19.98, testing a key psychological support level after a significant recovery from its local bottom in early April. Despite a modest bounce, AVAX remains well below both the 200-day simple moving average (SMA) at $29.80 and the 200-day exponential moving average (EMA) at $26.30. This confirms that the broader trend is still bearish, and bulls have yet to reclaim any major technical ground. The recent price rejection near the $22–$23 zone suggests that sellers are still in control. Volume appears to be tapering off, signaling weakening momentum. The declining slope of both the SMA and EMA reinforces the structural weakness in the medium term. Unless AVAX can break above the $26–$30 resistance cluster, the path of least resistance remains to the downside. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days – Accumulation Trend Accelerates For now, the market appears to be consolidating in a lower range between $18 and $23. If this support at $20 fails, AVAX could revisit March lows near $16. On the flip side, a decisive breakout above the EMA could spark renewed interest from bulls and signal a potential trend reversal. Traders should watch for increased volume and a close above $26 to confirm a shift in sentiment. Featured image from Dall-E, chart from TradingView
Avalanche's price action shows accelerating upward trajectory with high-volume trading activity breaking key resistance levels.
Ava Labs President John Wu discusses Avalanche's accomplishments in bringing TradFi and gaming enterprises onchain.
Global banking giant Standard Chartered published new five-year price projections for three leading cryptocurrencies: Avalanche (AVAX), Bitcoin (BTC), and Ethereum (ETH). According to these forecasts, Avalanche is poised to gain significant ground on both Bitcoin and Ethereum by 2029. Ryan Rasmussen, Head of Research at Bitwise, drew attention to these ambitious targets via X. “Global banking giant Standard Chartered just published 5yr price targets for Bitcoin, Ethereum, and Avalanche,” Rasmussen wrote, pointing to a chart that outlined the bank’s estimates. Standard Chartered expects Avalanche (AVAX) to reach $55 by the end of 2025, $100 by 2026, $150 by 2027, $200 by 2028, and ultimately $250 by the end of 2029. This projected growth represents a more than 1,200% increase from its current trading level of around $20. Meanwhile, Bitcoin (BTC) updated its forecast and now projects BTC to appreciate from $200,000 in 2025 to $300,000 in 2026, followed by $400,000 in 2027, and finally hitting $500,000 in 2028—a level it is expected to maintain through 2029. For Ethereum (ETH), Standard Chartered projects the token to hit $4,000 in 2025, $5,000 in 2026, $6,000 in 2027, and $7,500 by 2028, with no change anticipated in 2029. The forecast indicates steady but less dramatic growth relative to Avalanche. Related Reading: Avalanche 12-Hour TD Sequential Flashes Sell Signal After Nailing 50% Rally – Details In terms of comparative valuation, the bank provided ratio metrics to show how AVAX might perform against BTC and ETH. The BTC-to-AVAX ratio, which measures how many AVAX tokens equal one BTC, is expected to drop from 3,636 in 2025 to 2,000 in 2029. This decreasing trend implies that AVAX will appreciate faster than Bitcoin over the period. Similarly, the ETH-to-AVAX ratio is projected to decline from 73 to 30 during the same timeframe, pointing to a similar outperformance against Ethereum. Standard Chartered’s Bullish Case For Avalanche Standard Chartered has initiated coverage of Avalanche, stating it expects AVAX to rise from its current price of roughly $20 to $250 by the end of 2029. “One positive of the tariff noise is that it gives us a chance to re-set and pick winners for the next upswing in digital asset prices,” said Geoffrey Kendrick, the bank’s global head of digital assets research, in an email to The Block on Wednesday, referencing his latest report. “And I think Avalanche will be another winner, perhaps the winner in EVM [Ethereum Virtual Machine] chains.” Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Kendrick emphasized that Avalanche’s approach to scaling—particularly after its Etna upgrade, also known as Avalanche9000—positions the network for long-term success. Activated in December 2024, the Etna upgrade dramatically reduced the cost of launching subnets (which Avalanche now calls Layer 1 blockchains), slashing setup expenses from up to $450,000 to nearly zero. Kendrick noted that these changes appear to be attracting new developer activity: “A quarter of Avalanche’s active subnets are now Etna-compatible, and developer numbers have jumped 40% since the upgrade.” He also mentioned that some developers are migrating from Ethereum Layer 2 solutions to Avalanche due to its compatibility with Ethereum code and the lower overhead for launching new subnets or L1 chains. While fees on Avalanche can still run higher than certain Ethereum L2s like Arbitrum, Kendrick believes attracting completely new applications—especially in fields such as gaming and consumer-focused tools—will be critical to Avalanche’s growth. “As a result, we see AVAX outperforming both Bitcoin and Ethereum in terms of relative price gains in the coming years,” Kendrick remarked, while noting Avalanche’s higher volatility levels compared to BTC. At press time, BTC traded at $83,334. Featured image created with DALL.E, chart from TradingView.com
Improved scalability should drive activity and value to the Avalanche network, said Geoff Kendrick.
Standard Chartered's Geoffrey Kendrick said he likes Avalanche's approach to scaling, particularly after the recent Etna upgrade.
Grayscale Investments is moving forward with its efforts to introduce a spot Avalanche exchange-traded fund (ETF) product to the market. On March 27, Nasdaq applied to list and trade the Grayscale Avalanche Trust shares as an exchange-traded fund with the US Securities and Exchange Commission (SEC). Despite the ETF filing, AVAX’s price is down more […]
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If approved, the ETF would provide investors with a path to access AVAX through conventional brokerage accounts.
Grayscale follows VanEck in seeking the SEC's approval to launch an Avalanche ETF alongside a slew of recent crypto fund proposals.
Avalanche (AVAX) has been one of the standout performers in recent weeks, surging more than 53% since March 11 as bulls attempt to kickstart a broader recovery rally. The strong rebound follows a brutal correction in which AVAX lost over 72% of its value since mid-December 2024, triggering widespread capitulation and fear across the market. Now, with price action showing signs of strength, investors are cautiously optimistic — but uncertainty remains. Related Reading: Solana Tags Upper Bollinger Band For First Time Since ATH — Is Momentum Returning? While the recent rally has brought some relief, many analysts believe the market may be entering a consolidation phase. AVAX is currently struggling to hold above the $22 mark, a key resistance level that could determine whether the uptrend continues or stalls. Several technical signals are flashing caution as momentum begins to slow. Top analyst Ali Martinez shared insights on X, pointing out that the TD Sequential indicator is now presenting a fresh sell signal. This suggests that AVAX may be due for a short-term pullback or a period of sideways movement. With the broader market still under pressure, traders are watching closely to see whether Avalanche can maintain its gains or lose momentum. Avalanche Wakes Up But Faces Serious Risks Avalanche is showing signs of life after enduring months of intense selling pressure. Like many altcoins, AVAX has been heavily impacted by macroeconomic volatility, losing over 70% of its value since mid-December 2024. Now, as bullish momentum begins to return across select altcoins, Avalanche is attempting to stage a recovery rally. The recent 53% surge since March 11 has revived hopes that AVAX could be ready to break out — but headwinds still remain. The broader market environment continues to be shaped by uncertainty. Trade war fears and unstable macroeconomic signals have kept pressure on risk assets, including cryptocurrencies. Many investors remain cautious and are still offloading positions near current levels, concerned about the long-term direction of the market. While momentum is returning to some sectors, the path for Avalanche is far from clear. Top analyst Ali Martinez recently highlighted a technical development using the TD Sequential indicator. After accurately calling the recent bottom and a 50% rally in AVAX, the indicator is now flashing a sell signal. This suggests that Avalanche could be due for a short-term retrace or period of consolidation before any further move higher. The $22 level remains a crucial resistance zone for AVAX. A temporary cooldown here may be healthy — giving bulls time to regroup before attempting a breakout. If AVAX can hold key support and reset after the current rally, it could build a stronger foundation for a decisive push above $22 in the weeks ahead. For now, all eyes are on price action as Avalanche balances between correction and continuation in a market still clouded by uncertainty. Related Reading: Ethereum Reclaims Realized Price – Bulls Face Strong Resistance At $2,300 AVAX Struggles Below $22 As Bulls Aim For $30 Breakout Avalanche (AVAX) is currently trading at $21.80 after briefly reaching $23.40 just two days ago. The recent pullback reflects cooling momentum as bulls struggle to maintain pressure near short-term resistance. Still, the trend remains intact — for now. To sustain the recovery rally, bulls must defend current levels and push toward reclaiming the $30 mark, which aligns with the 200-day moving average (MA) and 200-day exponential moving average (EMA). A successful breakout above this zone would be a strong bullish signal and could mark the beginning of a larger uptrend. However, failure to hold above $20 in the coming days would be a warning sign. A breakdown below this level could trigger increased selling pressure and send AVAX back toward the $17 zone — a key support area from previous consolidations. As Avalanche continues to trade within a volatile range, the next few sessions will be crucial in determining short-term direction. Related Reading: Dogecoin Breaks Above Bullish Daily Pattern – Analyst Sees A Surge To $0.43 With the market still under macroeconomic pressure, bulls must act quickly to maintain momentum. A decisive move above $30 remains the target, but holding the $20 level is just as important to avoid a deeper retrace and renewed bearish sentiment. Featured image from Dall-E, chart from TradingView
The New York-headquartered company registered the "VanEck Avalanche ETF" on March 10
Ava Labs’ bid to bring the automated market maker Balancer onto Avalanche appears set to go through, according to a vote snapshot on Monday.
Stakers will initially earn rewards in RED, with future potential for other assets like ETH, BTC, SOL and USDC.
Avalanche (AVAX) is currently at a critical point, with its price alarmingly close to the $20 mark. This perilous situation arises in the middle of a widespread market decline, which has prompted a number of digital assets to reach multi-month lows. Investors are gradually abandoning the market, creating panic selling across the ecosystem, according to analysts. Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto Technical Indicators Show A Concerning Picture The recent price movement of AVAX tells a story of eroding support and prolonged weakening. Since February 1, the token has been on a steady decline after failing to maintain momentum following a challenge of the $34.40 resistance level. Technical analysis indicates that the Relative Strength Index (RSI) has entered oversold territory on daily charts, a condition that typically indicates an imminent reversal. Nevertheless, the Bull Bear Power (BBP) indicator continues to exhibit negative readings, indicating that adverse forces continue to exert a stronghold on the market. Current conditions may result in an extended correction phase if this bearish dominance continues. The token’s inability to surpass its descending trendline serves to bolster this pessimistic perspective. Avalanche Fear Index Reaches Critical Levels The psychology of the market has undergone a significant shift toward extreme caution. The crypto fear and greed index, a critical indicator of market sentiment, has experienced a precipitous decline to a reading of 35, firmly establishing it in the category of “fear.” This widely-followed index operates on a scale of 0 to 100, with readings below 35 indicative of severe market anxiety. Digital assets have seen turning points throughout history when faced with such high degrees of fear. Though they can sometimes be appealing starting points for contrarian investors, they can indicate the beginning of more market drops as selling momentum rises. The latter scenario may be unfolding, as there is little evidence of “buy the dip” activity emerging to sustain AVAX’s price, as current market behaviors suggest. Related Reading: Coinbase CEO’s Hot Take: Bitcoin Is Basically A ‘Meme Coin’ On-Chain Data Confirms Resistance Overhead The basic outlook seems to be similarly challenging when looking at on-chain measures. The In/Out of Money Around Price (IOMAP) analysis by IntoTheBlock shows that there is a sizable resistance zone at about $23.60. At this pricing point, over 128,000 addresses control 3.31 million AVAX coins overall, a significant psychological barrier. Currently resting on unrealized losses, many of these holders could wish to sell their positions as soon as it becomes feasible to break even, therefore creating a “sale wall”. Featured image from Pixabay, chart from TradingView
Users can spend their Avalanche tokens (AVAX), wrapped AVAX as well as the USDT and USDC stablecoins at any store in person or online that takes Visa.
Nearly 4,000 wallets added WAVAX holdings, 1.8 times the recent average, according to onchain data.
Avalanche has faced relentless selling pressure since mid-December, wiping out over 60% of its value and erasing all the gains from the impressive November 2024 rally. The extended downtrend has left investors uncertain about its near-term prospects as the entire market struggles to regain footing amid ongoing volatility. However, recent price action is offering a glimmer of hope, as AVAX appears to be stabilizing and finding strong demand at crucial levels. Related Reading: Ethereum Indicator Flashes Buy Signal On The Weekly Chart – Potential For A Rebound? Top analyst Ali Martinez has shared key insights, highlighting a potential recovery scenario for Avalanche. According to Martinez, AVAX is holding above a critical demand zone between $25.30 and $26.10. This level is acting as a strong support, offering the foundation needed to shift market sentiment. If the price continues to hold above this zone, Avalanche could gain the momentum necessary for a recovery rally, with a target of $30 in sight. The coming days will be pivotal for AVAX as investors watch closely for signs of strength or a potential breakdown. While the bearish sentiment from December lingers, this demand zone could be the launchpad for a turnaround, sparking renewed optimism among traders and long-term holders alike. Will Avalanche finally bounce back? Time will tell. Avalanche Poised For A Recovery Avalanche has been trading in a state of indecision, with bulls unable to push the price above the $27 mark and bears failing to drive it further down. This tug-of-war has kept the market in a tight range, leaving traders and investors uncertain about the next major move. While some analysts are optimistic about a potential recovery, others are warning of a continuation of the bearish trend that has plagued AVAX since mid-December. Martinez shared critical insights on X, highlighting that Avalanche is holding above a key demand zone between $25.30 and $26.10. This level has acted as strong support over the past few days, preventing further downside and giving bulls an opportunity to stage a comeback. According to Martinez, this demand zone could provide the momentum needed for a rally toward the $30 mark. However, the price must first clear the $27 level, which has proven to be a significant resistance point. If AVAX manages to break through this level, a rally could follow quickly. The next few days will be crucial for Avalanche’s price action. Bulls need to reclaim the $27 mark to shift sentiment and attract more buyers. On the flip side, losing the key support zone could result in a continuation of the bearish trend, potentially taking AVAX into lower demand levels. Related Reading: Dogecoin Adam & Eve Structure Hints At Bullish Potential – Can DOGE Breakout? As the market watches closely, all eyes are on whether Avalanche can muster the strength for a recovery rally or succumb to further selling pressure. This indecision sets the stage for a potentially explosive move, and traders should remain cautious as the market finds its direction. AVAX Price Testing Crucial Supply Avalanche (AVAX) is trading at $26.7 following a 7% surge yesterday, signaling renewed efforts by bulls to regain control of price action. The $27 mark has emerged as a critical supply level, acting as a barrier to further upward movement. Bulls are currently focused on reclaiming this level, which has held the price down for several days. If AVAX can successfully push above the $27 mark and clear the $28 resistance, a recovery rally could gain momentum, potentially driving the price toward the $30 mark. However, the current rally faces challenges as selling pressure remains strong at these key levels. Losing the $25 support zone would likely halt the recovery attempt and lead to further consolidation below the key supply range that AVAX is currently testing. A breakdown below $25 could bring Avalanche back into the $23-$24 demand zone, prolonging the uncertainty surrounding its short-term direction. Related Reading: Cardano Echoes 2020-2021 Pattern – Is A Parabolic Rally On The Horizon? The coming days will be crucial in determining whether AVAX can sustain its recent gains and reverse its bearish trend. For now, bulls must build on yesterday’s momentum by reclaiming and holding the $27 mark as support. This would set the stage for a breakout above $28, shifting market sentiment in favor of a broader recovery rally. Featured image from Dall-E, chart from TradingView
Avalanche (AVAX) has faced relentless selling pressure since mid-December, with its price plummeting over 60% and erasing all the gains from its impressive November 2024 rally. This sharp decline has left investors on edge, fueling fear and uncertainty as Avalanche mirrors the bearish trends seen across the broader crypto market. Doubts about AVAX’s potential to recover and generate significant gains have started to dominate market sentiment, leaving many questioning whether a rebound is possible in the near term. Related Reading: Cardano Could Move Up To $0.83 If Momentum Holds – Can ADA Sustain A Breakout? However, amidst this uncertainty, there are signs that Avalanche may be preparing for a turnaround. According to key metrics shared by top analyst Ali Martinez, Avalanche is showing promising signs of a potential rebound. Martinez highlights that a key technical indicator has flashed a buy signal on the weekly chart, offering a glimmer of hope for a recovery rally. This signal suggests that AVAX might be nearing a bottom, and if market conditions align, it could mark the beginning of a new bullish phase. As the market remains volatile, all eyes are on Avalanche to see if this buy signal can translate into sustained upward momentum. Investors are cautiously optimistic, hoping that AVAX can overcome current challenges and reclaim its bullish potential. Avalanche Indicator Signals A Potential Trend Reversal Avalanche (AVAX) has been stuck in a state of indecision as bulls fail to reclaim the $27 mark, while bears struggle to push the price further down. This tug-of-war reflects the broader uncertainty in the crypto market, leaving Avalanche at a critical juncture. Analysts are divided on the next move for AVAX, with some predicting a massive recovery rally while others anticipate a continuation of the bearish trend that has gripped the market since mid-December. Top analyst Ali Martinez has added to the discussion by sharing a technical analysis on X that reveals promising signs for Avalanche. Martinez highlights that the TD Sequential indicator, a widely used tool for identifying trend exhaustion and potential price reversals, has flashed a buy signal on the weekly chart. This is significant, as weekly signals carry more weight and often suggest the possibility of long-term reversals. If bulls capitalize on this signal and push the price above the $27 resistance level, it could trigger a broader recovery phase. On the flip side, failure to hold current levels may lead to further consolidation or downside movement as bears attempt to regain control. Related Reading: Ethereum Whales Have Bought Over 600,000 ETH In The Past Week – Time For A Price Upswing? The coming days and weeks will be crucial for Avalanche, as the price action will either validate the bullish signal or reinforce the prevailing bearish sentiment. Investors are closely monitoring the $27 level and the implications of the TD Sequential signal, as it could mark the beginning of a long-awaited recovery rally for AVAX. AVAX Price Consolidates Between Key Levels Avalanche (AVAX) is trading at $25.6 after several days of indecision and consolidation within a narrow range, stuck below the $27 resistance level and above the $23 support zone. This tight range reflects the ongoing uncertainty in the broader market as bulls and bears battle for control. Bulls face a crucial test at current levels. They need to hold the $25 support zone and build momentum to push AVAX above the key $28.7 resistance level. Breaking and reclaiming this mark as support would confirm a trend reversal, signaling the start of a potential recovery rally. A successful breakout above $28.7 could attract more buyers and lead to a move into higher price levels. However, selling pressure remains a significant risk for AVAX. If the price loses the $23 support level, the bearish trend that has dominated since mid-December could continue. A breakdown below this range would likely take AVAX into lower demand zones, with $20 being the next critical support level. Related Reading: Litecoin Approaches Daily Range Peak – Can LTC Break Multi-Year Highs? The coming days will be pivotal for Avalanche, as the price must either reclaim higher levels to change the bearish narrative or risk further declines as the market grapples with ongoing fear and uncertainty. Featured image from Dall-E, chart from TradingView
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