Avalanche price news: Slips 3% as short-term resistance holds above $23

Traders Union
All News
Crypto News
Avalanche Slides 3.17% to $23.49 Today

Highlights

Avalanche (AVAX) trades at $23.49, below the MA-20 ($24.06) and MA-50 ($23.32) but above the MA-200 ($21.44), with short-term momentum under pressure and key support near recent lows.
SkyBridge Capital’s $300 million hedge fund tokenization and recent integrations like Wyoming’s FRNT stablecoin and on-chain Visa settlements demonstrate AVAX’s growing institutional adoption and real-world asset expansion.
With technical indicators signaling a higher probability of downside, AVAX is forecast to trade between $21.57 and $24.42 this week, with resistance at $23.67–$24.06 and support around $21.57.

Institutional inflows lag price returns amid real-world asset expansion

Institutional adoption is a strong narrative for AVAX, as SkyBridge Capital’s $300 million hedge fund tokenization signals growing real-world asset integration on the blockchain. Despite recent ecosystem growth, including new dApps and an increase in active addresses, AVAX underperformed broader crypto markets amid profit-taking and technical pressures following bullish ETF news. Recent advances, like Wyoming’s FRNT stablecoin launch and on-chain Visa settlements, continue to highlight AVAX’s expansion into real-world financial infrastructure.

Persistent overhead barriers as moving averages converge near recent lows

On the technical front, the MA-20 and MA-50 above price present immediate resistance while the MA-50 at $23.32 acts as support, with the MA-200 at $21.44 forming a long-term base. The Ichimoku Kijun at $23.67 marks the closest dynamic resistance zone. There is no golden or death cross currently in play, but the overall moving average structure flags persistent resistance overhead, with support clustered near recent lows.

Mixed momentum signals as MACD strength meets bearish oscillators

Momentum indicators show mixed signals: the daily MACD flashes a strong buy, the ADX is neutral at 13.78 reflecting weak trend strength, and the RSI is slightly bearish at 45.41. The Stochastic RSI remains neutral at 53.2, and the CCI at -77.13 indicates the asset is nearing oversold territory. The negative Bollinger Band Percentage further suggests a cautious or selling tone, while the Awesome Oscillator confirms near-term bearish momentum.

Anton Kharitonov, expert at Traders Union, believes the technical landscape for AVAX remains neutral to bearish as resistance at $23.67 – $24.06 caps upside and support consolidates near $23.32 and $21.57. He sees limited probability — less than 20% — for a sustained move higher, with momentum indicators leaning weak and price action suggesting sideways or lower in the near term. "Until AVAX cleanly reclaims the $24.06 area, I remain cautious and prefer to protect capital rather than chase upside breakouts."

Downside risk prevails as weekly indicators flag limited upside

Looking ahead to the coming week, AVAX is expected to trade between $21.57 and $24.42, with an average price near $23.00. The technical outlook across weekly indicators (MA-50, MA-100, MA-200, RSI, MACD) all signal a higher probability of downside, with less than a 20% chance for sustained price appreciation. The baseline forecast is for sideways action within this corridor. A move above the $23.67 – $24.06 resistance could push price to $24.42, while a breakdown below $23.32 could see a retest of support near $21.57. Previously it was noted that Avalanche faced a network outage which resulted in transaction delays and affected several DeFi protocols. Market sentiment turned bearish as traders reacted to the disruption and investors assess the impact of the outage on the platform's reputation.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.