- Avalanche (AVAX) is trading at $34.55 representing a 11.0 percent growth in the last trading period.
- The support has been set at $31.12 with the immediate resistance at $35.36.
- AVAX has been performing well across the markets; it is rising by 10.7 percent compared to Bitcoin.
Avalanche (AVAX) is performing well as it has been on the rise to reach $34.55 with an increment of 11.0% in the last session. The token gained ground even after volatility in the previous trading, and this indicates stability within its present trading framework. The market is still focused on whether the price can maintain momentum and trade above support and test the stipulated resistance zone.
Support Zone Anchors Market Activity
The $31.12 level continues to be a good base for Avalanche, serving as a healthy support level in recent swings. The level has little bearish pressure, which allows the token to ride out gains after the rally. Notably, buyers have consistently responded around the level, confirming its role in the short-term context. AVAX’s capacity to remain above this area has helped to facilitate stability despite the general uncertainty in the cryptocurrency market.
Resistance Levels Define Narrow Range
While support has offered strength, resistance has developed at $35.36. This threshold marks the upper boundary of the token’s current 24-hour range. Price movement between $31.12 and $35.36 reflects a defined consolidation zone, leaving limited room for extended movement.
But now that AVAX is trading near resistance, it is time to focus on whether momentum can break through this ceiling. A decisive break beyond $35.36 would change the near-term trend of the market and the continued selling around this level might further sustain the current period of consolidation.
Cross-Market Positioning Highlights Demand
Beyond the U.S. dollar pair, AVAX is also showing strength in cross-market transactions. The token is valued at 0.0003056 BTC, up 10.7% versus Bitcoin. The move highlights firm demand relative to other leading tokens, placing the recent surge in context.
Market players note that holding above $31.12 remains critical, while resistance at $35.36 is the closest hurdle. The two levels set the short-term parameters that continue to dictate Avalanche’s trading landscape.
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