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- AVAX has held $15.21 support for the fifth time, signaling strong buying interest.
- The $27.48 resistance ceiling remains key for any breakout rally.
- Real momentum will appear only if AVAX decisively breaks the established range.
Avalanche (AVAX) continues to trade inside a well-defined range, fluctuating between $15.21 and $27.48. The lower boundary has proven especially resilient, providing support for the fifth time recently. Each touch at $15.21 triggered a rebound, establishing a clear floor that traders are now closely monitoring.
This five-touch support signals stability and suggests that AVAX buyers remain active near this level. With the price currently above $15.21, analysts see a potential setup for a move toward the upper range boundary.
Sideways Movement Between $15.21 and $27.48
AVAX has spent several months in a sideways trading pattern. The lower band at $15.21 offers consistent support, while the upper band at $27.48 acts as a strong resistance ceiling. The midpoint of the range has repeatedly shifted price direction, reinforcing the pattern’s integrity.
This range-bound structure provides traders with a clear roadmap. Price movements within the zone have been gradual, and the real momentum historically only appears once AVAX breaks beyond these limits. A successful move above $27.48 could trigger a strong rally, similar to previous breakout events.
Watching for the Next Breakout
The market now eyes the upper boundary closely. Chart projections suggest a gradual climb toward $27.48, contingent on continued support at $15.21. Traders know that past breakouts generated significant gains, and a decisive breach of the current range could set the stage for the next major upward move.
Also Read: Avalanche Gateway Transforms US Bank Loan Trading
While AVAX remains contained within the established range, the repeated support touches indicate a healthy foundation. Investors and traders are waiting to see if the pattern holds or if a breakout will unlock the next phase of price action.
Key Levels to Watch
AVAX’s range between $15.21 and $27.48 remains critical. Support at $15.21 has held strong, while resistance at $27.48 continues to cap price action. The next significant move depends on whether AVAX can break the ceiling or fall below its floor. For traders, the upcoming sessions could determine the next trend in this well-watched market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
