Avalanche (AVAX) price faces short-term downside risk after repeated rejections near $26.50, trading at $23.73 with potential support zones at $21 and $16; strong fundamentals and ecosystem wins like ULTRA support longer-term recovery. Monitor volume and higher-low structure for trend confirmation.
Avalanche (AVAX) price rejected at $26.50 multiple times, signaling near-term weakness.
Analysts highlight possible pullback to $16–$21 support but note higher lows that preserve a broader bullish structure.
New products such as ULTRA and continued ecosystem adoption are cited as long-term positive catalysts.
Avalanche (AVAX) price analysis, short-term risks and long-term catalysts — read the outlook and trade considerations now.
Avalanche faces pressure with AVAX trading at $23.73 after repeated rejections, yet strong fundamentals and adoption highlight resilience.
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Following several failures close to the $26.50 resistance level, Avalanche (AVAX) is currently under additional pressure, which raises concerns of a more significant pullback. As of this writing, AVAX is trading at $23.73, down 0.73% per day and 7% per week, according to CoinMarketCap (plain text).
The Avalanche (AVAX) price outlook shows near-term bearish risk after multiple rejections at $26.50, with immediate support between $21 and $18 and a deeper test possible near $16. Long-term fundamentals — ecosystem growth and token utility — support recovery if on-chain adoption accelerates.
Technical structure shows a channel pattern with four clear rejections since April at the $27 region on the AVAX/TetherUS perpetual chart. Each rejection corresponded with surge in trading volume, indicating strong sell-side conviction and overhead supply. This repeated failure created momentum shifts that pressured price lower.
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Source: https://en.coinotag.com/avalanche-avax-may-slip-toward-16-support-after-repeated-rejections-fundamentals-and-adoption-could-provide-resilience/