Avalanche steadies around $15 ahead of Granite Network upgrade
Avalanche (AVAX) is trading at $15.62, down 0.6% in the last 24 hours, showing tentative recovery after last week’s selloff. The market cap stands at $6.70 billion, while 24-hour trading volume is around $547.65 million, reflecting moderate turnover and cautious sentiment. The day’s range between $14.69 and $15.82 signals price stabilization above key support levels following early-month declines.
Key highlights
- AVAX consolidates near $15.50 as selling pressure eases.- RSI at 58 shows improving momentum after oversold bounce.
- Traders eye the Granite upgrade for potential ecosystem boost.
Avalanche price dynamics (Source: TradingView)
Technical structure analysis
AVAX is currently testing the $15.50–$15.80 range, with the 20 EMA at $15.39 and the 50 EMA at $15.47 providing immediate support. The 100 EMA at $15.79 and 200 EMA at $16.30 form a resistance cluster that continues to cap upside movement. RSI at 58.82 suggests improving short-term strength but no clear breakout confirmation yet. A close above $16.00 would strengthen the recovery setup toward $17.20, while a drop below $15.20 could reintroduce downside risk toward $14.50.Network flows and positioning
On-chain data from Coinglass reported a positive net inflow of approximately $5.17 million on November 17, marking a shift from the prior week’s persistent outflows. This indicates mild accumulation following the recent panic-driven selloff. Market cap movements remain subdued but proportionate to price recovery, proposing organic buying rather than speculative leverage. Network activity has also shown gradual improvement, with higher transaction counts and greater subnet engagement as anticipation builds ahead of the upgrade.Market sentiment and fundamentals
The upcoming Granite upgrade on November 19 remains the central focus for traders. The update aims to enhance cross-chain communication and reduce transaction latency—key features for scaling AVAX’s subnet ecosystem. While the upgrade has fueled modest speculative interest, broader DeFi weakness and soft funding rates continue to temper enthusiasm. Nevertheless, institutional participants remain attentive, particularly to how the upgrade improves developer efficiency and throughput.Short-term outlook
Avalanche appears to be entering a stabilization phase after its recent correction. Maintaining price above $15.20 will be crucial for confirming base formation, while a breakout above $16.30 could shift near-term sentiment toward bullish continuation. For now, AVAX’s direction will likely hinge on the success of the Granite rollout and subsequent post-upgrade adoption metrics.
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.
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