AVAX Price Tests Key $35 Support: Bounce Incoming or Deeper Drop to $33?

Avalanche (AVAX) price is testing the critical support zone between $35.15 and $35.70. The price movement in this range has sparked attention among traders and analysts as the token determines its next trajectory.

Despite its $14.85 billion market cap AVAX crypto attracts widespread attention because it has $395.31 million daily trading volume.

Critical Support Levels Under Pressure

The $35.15–$35.70 price range has emerged as a key area of support for AVAX. According to YG crypto, this level could mark a potential turning point for the token. If this support holds, AVAX may witness a strong bounce, signaling a possible bullish reversal.

“A sustained bounce from this zone could propel the price toward the upper resistance at $38,” analysts noted.

In the event of a break below $35, traders are eyeing the next support levels at $33.30–$34.00. This zone may attract buyers seeking lower entry points, potentially leading to an accumulation phase.

However, should this level fail to hold, AVAX price could move further downward toward $32, a historical consolidation zone.

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AVAX Price Upside Potential and Resistance Levels

A strong upward movement in AVAX prices from its present support point offers opportunity for growth. Buyers currently see $38 as their main ideal price area after previous price movement locked in between $32 and $38.

Experts predict resistance at $40-$42 will become stronger since traders once rejected those levels.The next resistance level at $46 represents a key milestone traders must overcome to continue the upward trend.

The market needs solid demand growth and active investor involvement to reach this milestone despite low current trading activity at $395 million over the last 24 hours.

Whale Activity and Holder Sentiment

Data from IntoTheBlock shows 59% of AVAX crypto owners earned profits at $36.19 but 33% lost money when the token hit $36.19. Most folks (58%) plan to keep AVAX for at least 12 months to show their trust in the project.

Most AVAX investors stay actively committed despite temporary market dips.

The behavior of whales significantly impacts how people trade AVAX. Big investors hold up to 70% of the total supply because market leaders support Avalanche strongly.

During the past week institutional investors and wealthy individuals made $2 billion worth of large transactions which demonstrates their ongoing market presence.

The next few weeks for Avalanche depend on the point where market players retain or sink below the $35.15–$35.70 trading support. If buyers push Avalanche prices up from this support level it could lead to new trading zones between $38 and $42.