AVAX Price Finds Support Near $15, Shows Early Signs of Recovery
Avalanche (AVAX) is showing renewed strength after a sharp sell-off last week, posting an 8% intraday rebound that lifted the token from its recent low near $15.30 to around $16.56. The bounce comes as buyers step in near a major support zone, suggesting potential stabilization following weeks of heavy pressure across the altcoin market.
AVAX Price Action Turns Positive Near Demand Zone
According to the daily chart, AVAX has been consolidating near the orange demand area between $14.50 and $16.00, a region that previously acted as a strong accumulation base in March 2025. After losing nearly 30% in the past month, the token’s latest move could mark the beginning of a short-term relief rally.
“AVAX has reached an important technical level. A sustained move above $17 could signal a short-term trend reversal toward $20 or higher,” BitXJournal market strategist noted, emphasizing that momentum indicators are beginning to flatten after weeks of downward pressure.
The volume profile also shows increased trading activity near the current level, implying that buyers are defending this support area aggressively. However, resistance remains firm around $21.50, followed by a higher barrier near $32, where previous sell-offs were triggered.
Despite the rebound, analysts remain cautious. A failure to maintain support above $15 could reignite bearish momentum, potentially dragging prices back toward the $13 range.
Still, the 8% surge demonstrates improving sentiment among traders looking for undervalued opportunities within the Layer-1 ecosystem. Avalanche’s recent network upgrades and growing developer activity may also provide long-term tailwinds if market conditions stabilize.
If AVAX continues holding above its critical support, traders may see a gradual recovery toward mid-range resistance levels before the end of the quarter.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.