Avalanche consolidates near upper recent range with resistance at $10.10 limiting upside: weekly forecast

Traders Union
All News
Crypto News
Avalanche rises 0.99% this week

Highlights

AVAX continues to trade below major technical resistance levels, signaling persistent selling pressure across all timeframes.
Bearish momentum dominates, with multiple indicators reflecting oversold conditions but no clear signs of an imminent reversal.
AVAX is expected to range between $8.40 and $10.10 in the next week, with low probability of an upward breakout.

CME futures launch and ecosystem events lift institutional interest this week

CME Group has announced plans to introduce regulated Avalanche futures contracts, pending final regulatory approval, with standard (5,000 AVAX) and micro (500 AVAX) contract sizes expanding access for institutional and retail traders. The upcoming 24/7 trading launch for CME's crypto derivatives, including these new AVAX products, aims to boost global market access and liquidity. Avalanche contributors have also scheduled a public Q&A to discuss ecosystem developments.

Bearish momentum persists as technical signals reinforce downward bias

On the weekly chart, AVAX remains under clear bearish momentum, as the asset is trading below key moving averages: MA-20 at $10.92, MA-50 at $17.84, and MA-200 at $22.47. The Ichimoku Kijun is far above current levels, solidifying MA-20 as the next dynamic resistance. MACD gives a strong sell signal, ADX highlights sustained seller dominance, and both RSI and the Commodity Channel Index point to oversold conditions; Stochastic RSI is neutral and Bull/Bear Power confirms continued seller control. Key weekly support is at $8.40, while resistance stands at $10.10.

Sideways trading expected as weak reversal signals cap breakout risk

Looking ahead to the next 7 days, AVAX is projected to trade within a $8.40 to $10.10 range, in line with current bearish signals and recent weekly volatility. The likelihood of an upward breakout above $10.10 is low, given that none of the main weekly momentum indicators suggest a reversal at this time. A move below $8.40 may occur if selling pressure increases, but the base case is for continued sideways movement near current levels.

Parshwa Turakhiya, analyst, notes that Avalanche (AVAX) stayed subdued this week, with price holding below all key moving averages and sentiment reflecting persistent bearish dominance. Even though AVAX marked a modest gain, the technical setup shows little sign of momentum shift, and weekly momentum indicators remain firmly on the defensive. The CME Group's announcement of regulated AVAX futures offers a sliver of positive sentiment, but has yet to materialize in the chart. Turakhiya sees a scenario where AVAX drifts sideways between $8.40 and $10.10, with no strong case for an upside breakout unless buyer conviction returns. "Price action is capped for now — I am watching for a decisive move above $10.10 to signal renewed traction, but until then, sideways range trade dominates my outlook."

Earlier, analysts noted that Avalanche was experiencing ongoing long-term bearish pressure despite some short-term fluctuations and institutional developments. The latest evidence of sustained downside momentum and lack of bullish reversal reinforces the focus on $8.40 as a critical support to monitor, with any decisive move below this level likely to accelerate selling in the near term.

Source of Data: AVAX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.