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AVAX Price Consolidates Near $23 While Market Watches Critical Support

AVAX Price Consolidates Near $23 While Market Watches Critical Support

Cryptonewsland2025/08/21 16:50
By: by Vee Peninah
AVAX-0.04%
  • AVAX is consolidating at $23.40, holding above its ascending trendline established since June.
  • A bounce could retest $26–$28 resistance, where previous rejections have occurred.
  • A drop to below the $22.45 support threatens to trigger a downward trend towards the $20.30 weekly important point.

AVAX is changing hands at the price of $23.40, on a 2.6% rise over the last 24 hours . The cryptocurrency has maintained above its rising trendline since June. The price action shows that it is consolidating near this level, making AVAX face a critical decision point. Traders are closely monitoring whether the asset will maintain this support or slide toward lower levels.

📊 $AVAX Testing Key Trendline

Avalanche is consolidating around $23 while holding above its ascending trendline from June. Price is now at a decision point.

What’s next? ⚠️
✅ Hold & bounce → retest of $26–$28 resistance zone 🚀
❌ Break below → risk of deeper correction… pic.twitter.com/Rrw4FWS188

— CryptoPulse (@CryptoPulse_CRU) August 21, 2025

The day’s chart shows AVAX remaining stable above the support point of $22.45. Prices ranged between $23.16 and $23.61 over the past 24 hours exhibiting narrow consolidation. This stability is due to a couple of retests of the uptrend line which has remained a strong support since mid June. Holding above this structure keeps momentum intact, although pressure from sellers remains visible.

AVAX at a Crossroads: Testing Support Before Eyeing $23.54 Resistance

In the event the support level holds true, then AVAX may run into its immediate resistance point at the level of $23.54 . A significant upward challenge above that can set the stage towards the wider resistance area between $26 and $28. Notably, this zone has previously capped upward momentum, creating several rejections throughout July and early August. Price reaction within this range will determine if short-term bullish attempts extend further.

However, failure to maintain the trendline support could shift momentum. A clear breakdown below $22.45 may expose the next critical level at $20.30, marked as a weekly key zone. This area served as an earlier structural point and could attract new market interest if tested. With AVAX currently trading in a narrowing range, the next movement will decide whether the structure continues upward or corrects toward deeper support.

AVAX remains at a decisive stage, with its trendline acting as the immediate reference point for traders. Short-term market behavior around this level will guide whether the asset revisits resistance or reverts lower toward the weekly key area.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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