Notably, the price has held above $9 while repeatedly testing the $9.40 resistance zone.
However, the latest structure shows a shift.
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However, in the current market conditions, overbought levels often signal strength rather than weakness.
Together, these indicators point to sustained buying interest. Although rejection here would keep AVAX’s price inside the range.
A drop below $9 could trigger a retest of $8.60.
Avalanche Gets More Eyes On It
Institutional interest is also gaining traction.
Recently, CME Group launched AVAX futures, opening the door for regulated exposure among large-scale investors.
This move does not just add credibility; it introduces deeper liquidity and tighter price discovery.
As a result, institutions that previously sat on the sidelines now have a structured pathway into Avalanche.
However, the real story lies in what typically follows. Futures markets often precede spot demand.
They attract hedging, speculation, and eventually capital rotation.
Therefore, while price remains range-bound in the short term, the broader setup is quietly strengthening.
If momentum sustains, this institutional backing could act as a catalyst for AVAX’s price, reinforcing bullish pressure and accelerating any confirmed breakout above resistance.
AVAX Price Prediction: Breakout Pending
On the daily chart, AVAX continues to trade under pressure, holding near $9.34 as the broader downtrend remains intact.
Price action shows a prolonged decline from late 2025 highs, with a descending trendline consistently rejecting upside attempts.
However, momentum is beginning to stabilize.
Notably, AVAX’s price is consolidating just above the critical $7.58 support. This level has held firm, preventing further breakdown.
Meanwhile, repeated failures near the $11 zone highlight strong overhead resistance. As a result, the price remains trapped in a tight range.
On the indicator side, the Chaikin Money Flow (CMF) is negative, signaling weak capital inflows.
At the same time, the Moving Average Convergence Divergence (MACD) is flat, reflecting fading bearish momentum but no clear bullish reversal yet.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
