AVAX crypto staged a dramatic one-day rebound, reclaiming nearly all losses after testing its 2023 bear market lows and bouncing sharply from a key demand zone.
AVAX crypto price revisited price levels last seen during the 2023 bear market in a single, turbulent trading day. The AVAX token plunged nearly 70% before rebounding sharply, as buyers stepped in right at the historic demand zone that has repeatedly triggered strong reversals in the past.
AVAX Crypto Revisits 2023 Support Band
Avalanche tested levels not seen since the 2023 bear market, tagging the $12 to $10 support zone that served as a historical base before the previous cycle rally. This retest came amid a sharp 20% daily drawdown as volatility ripped across the market.
AVAX rebounds sharply from its 2023 support base. Source: Crypto_Geek via X
Technically, this area was critical as it aligns with both long-term horizontal support and the lower boundary of the macro range. AVAX crypto found a solid reaction from this zone, which immediately enforced a sharp recovery. Now, AVAX price needs to build a higher low above $22 to confirm any short-term recovery continuation.
Bulls Expect Quick AVAX Price Recovery Towards $25
Despite the steep fall, the AVAX community remains optimistic. Pound noted that a quick recovery back to $25 could unfold within 48 hours, a view rooted in how Avalanche tends to rebound rapidly once major liquidation zones are cleared.
From a technical perspective, the short-term structure supports this possibility. The $22 region is showing initial signs of absorption, while intraday momentum oscillators hint at exhaustion of the selling pressure. A sustained push above $23.80 would likely confirm that near-term bottoming has already begun.
Will $AVAX Crypto Recover Back Above $30?
Data shows Avalanche AVAX price is trading around $22.68, marking a 19.8% drop in 24 hours. While the decline was sharp, it has brought the price back into a high-demand region that previously triggered strong rallies. The immediate resistance levels now lie at $25.3, $27.5, and $30, key checkpoints for recovery.
Avalanche’s current price is $22.68, down -19.86% in the last 24 hours. Source: Brave New Coin
A close above $25 would reestablish short-term bullish structure and open the door for a retest of the $30 handle. Meanwhile, support at $21.8 remains the line bulls must defend. If buyers continue to accumulate near current prices, the potential for a rebound towards $30 to $32 in the coming days remains well within reach.
Buy Orders Strengthen the Bullish Case
Jesse Peralta shared fresh order book data showing buy orders outweighing sells on AVAX by nearly 60/40. This imbalance highlights growing accumulation interest, even after one of the harshest sell-offs in months.
Avalanche buy orders dominate at 60/40, signaling strong accumulation after the sharp sell-off. Source: Jesse Peralta via X
Such deep bid support near $22 indicates that participants view this pullback as an opportunity rather than fear. If this trend persists, it could provide the liquidity base needed to fuel a strong reversal. Historically, Avalanche has staged impressive rebounds when order flow leans this aggressively bullish, and this time may be no exception.
Outlook: Avalanche Faces Its Defining Rebound Zone
Avalanche’s current setup is pivotal, with the price sitting right on historic demand near $22. Sentiment is shifting from panic to positioning. Multiple signs of accumulation and strong buy-side order flow suggest the market may be preparing for a recovery phase.
If AVAX price manages to reclaim $25 and sustain above it, a momentum-driven rebound towards $30 to $32 could unfold faster than expected. Holding this zone would not only confirm structural strength but also reassert Avalanche’s standing among leading altcoins heading into the next leg of the market cycle.