** AVAX Price Holds $24.56 Despite Token Unlock Pressure – VanEck ETF Filing Boosts Institutional Interest

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Quick Take

• AVAX currently trading at $24.56 (+2.33% in 24h)
• Avalanche’s RSI at 55.74 signals neutral momentum with room for upward movement
• VanEck ETF filing driving institutional interest despite recent token unlock pressure

What’s Driving Avalanche Price Today?

The AVAX price has shown remarkable resilience over the past week, navigating through significant market events that have created both opportunities and challenges for traders. Most recently, Avalanche demonstrated strong price action on August 14, when the AVAX price surged 4% to $25.73 despite an impending token unlock that released approximately 1.67 million AVAX tokens on August 15.

This price strength comes after a period of volatility earlier in the week, when the AVAX price dropped 5% on August 12, falling to $23.11 as traders positioned defensively ahead of the token unlock. The market’s ability to recover and maintain current levels around $24.56 suggests that institutional backing is providing substantial support.

The key catalyst driving long-term optimism for Avalanche is VanEck’s official filing for an Avalanche ETF with the SEC on August 11. This institutional endorsement, combined with BlackRock’s reported $240 million investment and VanEck’s $100 million Real World Asset fund targeting AVAX projects, has fundamentally shifted the institutional landscape for Avalanche.

Despite the positive institutional developments, the recent token unlock has created underlying market tension. The release represents 0.4-0.5% of the circulating supply, which while relatively modest, has contributed to trader caution and periodic selling pressure.

AVAX Technical Analysis: Bullish Signals Emerge

Based on Binance spot market data, Avalanche technical analysis reveals a compelling bullish setup across multiple timeframes. The most significant indicator supporting this outlook is Avalanche’s position above all major moving averages, with the current price of $24.56 sitting well above the SMA 200 at $21.65.

AVAX RSI currently reads 55.74, placing Avalanche in a neutral zone with substantial room for upward movement before reaching overbought conditions. This AVAX RSI level suggests that the recent price action hasn’t created excessive buying pressure, leaving room for continued appreciation.

Avalanche’s MACD indicator shows particularly encouraging signals, with the MACD line at 0.4978 positioned above the signal line at 0.4542. The positive MACD histogram reading of 0.0436 confirms bullish momentum for Avalanche, suggesting that upward price pressure is building.

The Bollinger Bands analysis reveals that AVAX is trading in the upper portion of its recent range, with a %B position of 0.7660. While this indicates strength, Avalanche still has room to reach the upper band at $25.69 before encountering technical resistance.

Avalanche’s Stochastic indicators (%K at 69.25, %D at 65.70) show the token approaching overbought territory but not yet at extreme levels, providing additional confirmation of the bullish technical picture.

Avalanche Price Levels: Key Support and Resistance

The current Avalanche support levels and resistance zones provide clear guidance for AVAX/USDT traders. The most critical AVAX resistance level sits at $25.99, representing the immediate ceiling that must be broken for continued upward momentum. Above this level, Avalanche faces strong resistance at $27.38, which aligns with previous significant price rejection zones.

On the downside, Avalanche support levels are well-defined, with immediate support at $20.57 providing the first line of defense for bulls. This level roughly corresponds with the lower Bollinger Band at $20.87, creating a confluence of technical support. Should this level fail, the next significant Avalanche support level lies at $16.94, which represents strong support based on previous market structure.

The pivot point at $24.30 serves as a key reference level, with the current AVAX price of $24.56 trading slightly above this neutral zone. This positioning suggests that bulls maintain short-term control, but the margin is relatively narrow.

Traders should also note Avalanche’s Daily ATR of $1.53, which provides insight into expected daily price volatility. This suggests that moves of $1-2 in either direction are within normal trading ranges for AVAX.

Should You Buy AVAX Now? Risk-Reward Analysis

For swing traders, the current AVAX price presents an attractive risk-reward scenario. Based on Binance spot market data, entry around current levels offers a reasonable stop-loss placement below $20.57 support, while targeting the immediate resistance at $25.99 provides a favorable risk-reward ratio of approximately 1:1.4.

Conservative investors should consider the institutional backing from VanEck’s ETF filing as a long-term positive catalyst, though they may want to wait for a pullback toward the $22-23 range, which aligns with the SMA 20 and SMA 50 levels. This approach would provide better entry positioning while still capitalizing on the institutional momentum.

Day traders should focus on the narrow range between $24.30 (pivot) and $25.99 (resistance), using the AVAX RSI and MACD signals to time entries and exits. The current neutral RSI reading suggests that both breakout and pullback scenarios remain viable in the short term.

Risk management is crucial given the recent token unlock impact. While the immediate selling pressure appears absorbed, additional unlock events could create periodic volatility. Traders should maintain stop-losses below key support levels and avoid overleveraging positions.

The 24-hour trading volume of $36.66 million on Binance spot provides adequate liquidity for most trading strategies, though large position holders should consider volume-weighted average price execution during high-volatility periods.

Conclusion

The AVAX price at $24.56 reflects a market successfully balancing institutional optimism against token unlock concerns. With Avalanche technical analysis showing bullish momentum and key support levels holding firm, the next 24-48 hours will likely test the immediate resistance at $25.99. Traders should monitor AVAX RSI levels and volume patterns for confirmation of the next directional move, while keeping the VanEck ETF development as a longer-term positive catalyst for Avalanche’s price trajectory.

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