- Avalanche (AVAX) should stay above the $20.00 mark to continue its bullish momentum and prevent a downward correction to the support level of $20.25.
- The token is aiming at the $26.00 resistance, a crucial barrier that declined earlier upsurges in April and June
- AVAX has recovered from a $16.60 June low, signaling short-term strength amid rising demand and bullish intraday structure.
Avalanche (AVAX) has reached a technically important price area after realizing stable recovery during the last days. The stock is currently priced at $21.47 and the asset has increased 1.7% in the past 24 hours. The increase brings AVAX near the resistance of $21.19. Technically, the token must remain above the $20.00 price level to maintain bullish momentum
According to market structure, the token must hold above the $20.00 mark to maintain bullish pressure. The near-term price behavior continues to reflect responsive demand, particularly after the July recovery from sub-$17.00 levels. However, any move below $20.25 support could change the trend.
Recovery From June Lows Builds Short-Term Momentum
The AVAX/USDT chart illustrates a recent low of $16.60, posted in late June. Since then, Avalanche has regained strength, steadily climbing above several key intra-channel resistance levels. Currently, AVAX is pressing against the $21.00 zone.
Notably, the pair must defend the $20.25 level, now acting as immediate support. This zone aligns with previous breakdown points, suggesting it could provide a technical floor. Buyers appear active around this region, contributing to the sustained recovery seen over recent weeks.
Resistance Zone at $26.00 Defines Current Price Ceiling
The $26.00 level remains the channel’s upper boundary and represents the nearest high-timeframe resistance. If the asset remains above $20.00, it may challenge this barrier.
Price history shows consistent rejection from this range in April and June, establishing it as a strong resistance level. Until that ceiling is broken, price action is expected to consolidate below. The long-term trend shows alternating pressure, with bulls and bears responding to key breakout zones.
AVAX Holds Gains as Focus Shifts to $26 Resistance
Intraday price movement reflects growing interest, as the 24-hour range holds steady between $20.25 and $21.19. Additionally, AVAX has climbed 1.7% against Bitcoin and 0.1% versus Ethereum. This strength, however, must be sustained with follow-through volume.
The uptrend is supported by the most recent higher low, which formed after touching $16.60. Traders continue to monitor whether AVAX can reclaim the upper channel, with attention now fixed on the $26.00 resistance area.
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