Avalanche (AVAX) Range-Bound at $23, Eyes $26 Breakout
The Avalanche (AVAX) price has been trading within a $16–$26 range since mid-2025, currently hovering near $23. Its AVAX price action shows buyers defending the 21-day and 50-day SMAs, lifting AVAX back to $24 before a rejection at the $26 resistance. Daily bars sit around the 50-day SMA, indicating neutral momentum, while the 4-hour chart shows a slight bullish bias. Frequent doji candles reflect trader indecision. A sustained break above $26 could trigger a rally toward $36. Conversely, failure to breach resistance or a drop below the 21-day SMA may push AVAX back to support zones at $20–$21 and potentially down to $16. Traders should monitor the $26 ceiling and the $20–$23 floors for hints of a breakout or breakdown.
Neutral
AVAX’s sustained trading between $16 and $26 indicates market indecision and limited directional momentum. Buyers have defended key SMAs, creating a slight bullish tilt on shorter timeframes, but repeated rejections at $26 and doji activity underscore neutral sentiment. In the short term, traders are likely to remain cautious until a clear breakout or breakdown occurs. A break above $26 would shift the bias bullish, targeting $36, while a drop below the SMAs would turn bearish, revisiting $20–$16. Overall, the consolidation phase points to a neutral market impact until new momentum emerges.