thecoinrepublic.com
Avalanche ($AVAX) price is testing the critical support zone between $35.15 and $35.70. The price movement in this range has sparked attention among traders and analysts as the token determines its next trajectory.
Despite its $14.85 billion market cap $AVAX crypto attracts widespread attention because it has $395.31 million daily trading volume.
Critical Support Levels Under Pressure
The $35.15–$35.70 price range has emerged as a key area of support for $AVAX. According to YG crypto, this level could mark a potential turning point for the token. If this support holds, $AVAX may witness a strong bounce, signaling a possible bullish reversal.
“A sustained bounce from this zone could propel the price toward the upper resistance at $38,” analysts noted.
In the event of a break below $35, traders are eyeing the next support levels at $33.30–$34.00. This zone may attract buyers seeking lower entry points, potentially leading to an accumulation phase.
However, should this level fail to hold, $AVAX price could move further downward toward $32, a historical consolidation zone.
$AVAX Price Upside Potential and Resistance Levels
A strong upward movement in $AVAX prices from its present support point offers opportunity for growth. Buyers currently see $38 as their main ideal price area after previous price movement locked in between $32 and $38.
Experts predict resistance at $40-$42 will become stronger since traders once rejected those levels.The next resistance level at $46 represents a key milestone traders must overcome to continue the upward trend.
The market needs solid demand growth and active investor involvement to reach this milestone despite low current trading activity at $395 million over the last 24 hours.
Whale Activity and Holder Sentiment
Data from IntoTheBlock shows 59% of $AVAX crypto owners earned profits at $36.19 but 33% lost money when the token hit $36.19. Most folks (58%) plan to keep $AVAX for at least 12 months to show their trust in the project.
Most $AVAX investors stay actively committed despite temporary market dips.
The behavior of whales significantly impacts how people trade $AVAX. Big investors hold up to 70% of the total supply because market leaders support Avalanche strongly.
During the past week institutional investors and wealthy individuals made $2 billion worth of large transactions which demonstrates their ongoing market presence.
The next few weeks for Avalanche depend on the point where market players retain or sink below the $35.15–$35.70 trading support. If buyers push Avalanche prices up from this support level it could lead to new trading zones between $38 and $42.