AVAX Struggles Around Key Support: Price Looks for Direction

Yigit Taha OZTURK — Wed, 04 Jun 2025 12:30:26 +0000

Avalanche (AVAX) lost the $21.29 support level on the 4-hour chart, triggering a move toward the long-watched $19.35 support zone. However, before reaching that level, the price bounced upward, signaling some buyer interest.

As we noted in our previous analysis, losing the $21.29 support increased the short-term downside risk. Although AVAX briefly reclaimed this level, the recovery has not shown strong follow-through yet.

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Key Technical Levels:

Support: $21.29
Major support: $19.35
Resistance zone: $21.88 – $22.17

If AVAX fails to hold above $21.29 again, a retest of the $19.35 zone remains on the table. This area previously served as a buying zone and could provide a potential base.

Conversely, a clear breakout above the $21.88–$22.17 resistance could lead to a renewed move toward the ascending trendline, signaling a potential bullish shift in the short term.

AVAX/USDT pair 4-hour chart.

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The post AVAX Struggles Around Key Support: Price Looks for Direction appeared first on Coin Engineer.

AVAX Technical Analysis: Trend Break Confirmed but No Strong Reaction Yet

Yigit Taha OZTURK — Tue, 15 Apr 2025 13:30:59 +0000

AVAX has finally broken out of its long-standing downtrend on the daily chart. However, it has yet to deliver the strong upward move that traders were expecting following this breakout.

Key Support at $15.5

After bouncing from the $15.5 support level — a historically significant area — the price climbed into the downward Fair Value Gap (FVG) zone. This area has previously acted as strong resistance, and once again, AVAX faced rejection here.

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The price failed to break the FVG zone, showing weakness at this critical resistance. If this rejection continues, AVAX could revisit the $15.5 support level. Holding above that line is essential to prevent further downside.

Bullish Breakout Scenario: Targeting $25–$27 Range

If AVAX manages to break through the resistance zone with strong volume, it could quickly move towards the $25–$27 range. This zone represents a key technical and psychological barrier and would likely attract attention from traders.

AVAX/USDT pair daily chart.

AVAX has broken its downtrend, which is a strong technical signal, but price action has not yet confirmed sustained bullishness. If $15.5 holds and volume increases, we could see a bullish breakout toward $25–$27. However, if support fails, further correction may follow.

Traders should remain cautious, follow key support/resistance levels closely, and prepare risk-management strategies accordingly.

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