Avalanche (AVAX) Sideways in $22–$26 Range Amid SMA Pressure
Avalanche (AVAX) is trading sideways in a narrow $22–$26 range as it oscillates between its 21-day and 50-day simple moving averages (SMAs). Since mid-July, AVAX has held a neutral trend, with the 50-day SMA capping upside near $26 and the 21-day SMA providing support around $23. A break above the 50-day SMA could trigger a rally toward $45. Conversely, a drop below the 21-day SMA may see AVAX slide to $15.65. Key resistance levels at $60 and $70 and support at $30 and $20 remain critical for extended moves. Traders should watch SMA crossovers and consolidation breakouts for potential trend signals. Technical indicators on both daily and four-hour charts confirm ongoing consolidation.
Neutral
AVAX’s sustained trading within a defined $22–$26 range indicates a lack of clear momentum in either direction. Short-term traders may see limited opportunity until a decisive breakout emerges above the 50-day SMA or below the 21-day SMA. In the long run, a breach of these moving average thresholds will likely set the trend. The current consolidation phase, confirmed by daily and four-hour chart indicators, suggests a neutral market outlook until further technical triggers occur.