Avalanche (AVAX) is currently experiencing strong upward momentum, supported by key technical indicators, although it faces significant resistance ahead. The price of AVAX is trading above both its 9-day and 20-day exponential moving averages, confirming a firmly bullish trend. Momentum indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) also show strong buying pressure, despite some recent cooling.
While the technical structure suggests that buyers are in control, the order book reveals key barriers. Immediate resistance levels are near $35.71 and $36.57, with a major target at $41.20. A large sell wall of over 118,000 units (~$4.1M) sits at $34.86, which could cap short-term momentum. On the downside, strong support levels are found at $32.08 and $31.58, reinforced by a significant cluster of buy orders at $32.00.
For traders, the current environment presents a tug-of-war. Long positions might look for re-entry points near the $32.00 support, while short traders could consider a rejection play at the $34.86 sell wall. The overall outlook remains bullish, but AVAX is likely to experience volatility as it battles between short-term profit-taking and strong underlying demand.
September 2025, Cryptoniteuae