AVAX is still trading more than 95% below its peak, and the market’s focus remains on the $8 to $9 area overhead. That band once acted as firm support. Now it is resistance. Analysts cited in the report say any bounce below that zone risks running into fresh selling unless the token can reclaim it decisively.
$8 to $9 remains the line that bulls have not recovered
Analyst Global Rashid argues that support near $8.00 has already been lost, opening the way for a possible test of the $4.50 to $5.50 region. In his view, that range previously served as both trend support and an important technical pivot. Rashid also said price action around $6.68 does not qualify as a reversal of the broader downtrend unless AVAX moves back above the $8 to $9 zone.
Lower-time-frame indicators still show weak demand
On shorter charts, OlaxBT said AVAX is holding above VWAP, or Volume Weighted Average Price, but CVD, short for Cumulative Volume Delta, has dropped sharply. That combination points to persistent sell-side pressure. The token has shown some resilience, but the buying side has not taken control.
The same analysis noted that MFI, the Money Flow Index, has shifted back toward neutral territory. Even so, the absence of strong buying volume keeps the recovery fragile. For a stronger reversal case, AVAX would need to hold above $6.50 and then reclaim the $7.00 to $7.50 area with solid volume. If that fails, the current move could still be another lower high inside the existing downtrend.
Higher-time-frame charts point to deeper support zones
On the broader structure, traders are still watching for lower support bands. Rami Scalps identifies $3.50 as a pivotal level and says AVAX may still be trading inside a wide corrective pattern, leaving room for one more sweep lower. The Wyckoff Architect also sees a possible move toward $3.00 as a scenario worth tracking.
The article lists several levels in focus: the current price near $6.68, resistance at $8.00 to $9.00, intermediate support at $4.50 to $5.50, and major support at $3.50 to $3.00. Across multiple higher-time-frame charts, analysts are closely monitoring the $3.50 to $3.00 band as a possible bottoming area.
Treasury buying plans draw attention, but charts still lead
On the fundamental side, the report mentions recent attention around Avalanche Treasury strategy. Crypto commentator That Martini Guy said Avalanche Treasury shares fell 38% on their first trading day on Nasdaq, while the company still plans to buy more than $1 billion worth of AVAX. The report also describes Avalanche as a layer 1 network built for high scalability within its own blockchain infrastructure.
For now, technical levels are still setting the tone. As long as AVAX remains below $8.00, the downside path outlined in the report continues to point toward $5.50, then $4.50, and potentially the $3.50 to $3.00 region. In a stronger recovery scenario, the token would first need to retake $7.50 to $8.00 before attention shifts back to the $10 to $12 area.