AVAX price news: maintains support above MA-50 despite short-term selling pressure
Avalanche (AVAX) is trading at $23.88, which is below the MA-20 ($24.23) but still above the MA-50 ($23.75) and MA-200 ($21.42) on the daily chart. This positions the price under short-term pressure from sellers, while the medium- and long-term trends remain cautiously supported; dynamic resistance is at the Ichimoku Kijun near $24.17, with MA-50 as the closest support.
Highlights
- Avalanche (AVAX) trades at $23.88 below its MA-20 ($24.23) but above MA-50 ($23.75) and MA-200 ($21.42), with dynamic resistance at the Ichimoku Kijun ($24.17).
- Grayscale's SEC filing for an Avalanche Trust signals institutional interest as network transactions surged 66% in August 2025 despite declining active addresses.
- AVAX is forecast to fluctuate between $21.91 and $24.74 over the next five days, with bearish or neutral weekly signals suggesting higher downside probability.
Institutional interest rises as Grayscale trust filing boosts engagement
Grayscale has filed for an SEC registration for a potential Avalanche Trust, strengthening institutional interest and boosting network engagement. Amid this development, the network has seen strong momentum, with a 66% increase in transactions in August 2025 even as active addresses declined. The asset has held above critical support and is supported by record daily transactions and Total Value Locked.
Mixed momentum signals as intraday gains meet weak trend strength
Momentum signals are mixed: the daily MACD shows strong bullish momentum, but the ADX indicates weak trend strength. The RSI and CCI both point to mild selling pressure, and the Stochastic RSI signals an oversold state, reflecting potential for a technical rebound. BBP stays neutral, suggesting no clear intraday dominance by buyers or sellers at the moment. With a daily move up by $0.22 or 0.93%, there was no significant gap at the open. The current price sits in the upper half of today's $23.77 — $24.07 range, indicating the session trades near its highs. Intraday volatility is moderate, and momentum indicators diverge from the slight upward tone, hinting at a potential pause or sideways drift after the morning’s strength.
Rangebound outlook as bearish signals outweigh breakout chances
For the next five trading days, AVAX is expected to fluctuate in a range between $21.91 and $24.74. There is a very low probability (less than 20%) of a sustained upward breakout, while a decline is more likely given the dominance of bearish or neutral weekly signals. In the baseline scenario, price remains in a sideways corridor near the current levels. A bullish scenario would require breaking above the $24.17 — $24.23 resistance zone, potentially targeting the weekly high of $24.74. A bearish outcome becomes more likely if AVAX drops below the $23.75 — $21.91 support area, with sellers possibly aiming for the lower end of the weekly range.
Previously it was reported that Avalanche faced a network outage that resulted in transaction delays and affected several DeFi protocols. During that market event, sentiment turned bearish as traders reacted to the disruption and investors assess the impact of the outage on the platform's reputation.
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