The post Avalanche Shows Mixed Signals as AVAX Consolidates Above Key Support at $28.51 appeared on BitcoinEthereumNews.com.

Ted Hisokawa
Oct 09, 2025 04:59

AVAX trades at $28.51 with modest 1.06% daily gains, holding above 50-day moving average while facing resistance near $30 as technical indicators signal consolidation phase.

Market Overview AVAX currently trades at $28.51, posting a modest 1.06% gain over the past 24 hours within a trading range of $27.98 to $29.63. The token maintains its position above the 50-day moving average at $28.19, suggesting underlying support, though it remains 6.8% below the 20-day average at $30.60. Trading volume of $68.5 million reflects moderate market participation as Avalanche consolidates in a sideways pattern. Technical Picture The technical landscape for AVAX presents mixed signals characteristic of a consolidation phase. The Relative Strength Index sits at 45.1, indicating neutral momentum with neither overbought nor oversold conditions prevailing. This positioning suggests balanced buying and selling pressure in the near term. The MACD indicator shows bearish divergence with a histogram reading of -0.4667, signaling weakening upward momentum despite the token’s proximity to key support levels. The AVAX price action above the 50-day moving average provides a constructive foundation, while the 24.3% premium to the 200-day moving average at $22.94 indicates the broader uptrend remains intact. Moving average positioning reveals a complex technical structure where short-term weakness meets longer-term strength. The gap between current prices and the 20-day average creates potential for either a pullback test of lower support or a resumption of upward movement toward resistance. Critical Levels to Watch The $30.60 level represents immediate resistance, coinciding with the 20-day moving average where selling pressure has emerged in recent sessions. A decisive break above this threshold could target the stronger resistance zone at $36.16, which has acted as a significant technical barrier. Support materializes at $27.07, representing the recent swing low and…

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Filed under: News - @ October 10, 2025 11:19 am