Foreign media analysis suggests that Avalanche's native token, AVAX, has been under pressure recently after encountering resistance at several key price levels, with its price falling back to near local lows. The article argues that while the Avalanche ecosystem continues to grow, the lack of buying interest and liquidity at the token level has caused it to lag behind SOL, TRX, and BNB in this round of performance.
After breaking below $9, it tested the $6 area.
The article mentions that AVAX previously encountered selling pressure after consolidating in the $8.5 to $10 range, failing to hold its support. Earlier, the $12 to $12.5 range also presented significant resistance. With the support near $9 breached, the price quickly slid towards the $6 area, indicating that market confidence remains weak.
From a price chart perspective, AVAX has consistently shown lower highs and lower lows this year. Based on this, the article argues that AVAX remains relatively weak among mainstream altcoins, and its rebound strength is significantly less than that of other large-cap tokens.
The rebound to $6.8 to $7 still lacks persuasiveness.
The article argues that while AVAX is currently attempting to stabilize at lower levels, the rebound back to the $6.8 to $7 range is more of a short-term correction than the start of a new upward trend. This is because fund flow indicators still show capital outflows, and sustained buying pressure has not yet materialized.
For bulls, the most immediate point of observation in the short term is whether they can regain control of this nearby range. If they fail to recover this level, the pressure below $6 may continue to increase.
- Previous resistance zone: $12 to $12.5
- Support level breached: around $9
- Current observation range: $6.8 to $7
Its relative strength still lags behind SOL, TRX and BNB.
The article argues that AVAX's underperformance stems not only from a single pullback, but also from its failure to regain key resistance levels and attract new liquidity, unlike SOL, TRX, and BNB. In contrast, these tokens performed better in terms of narrative, fund inflows, and user activity.
Against this backdrop, AVAX remains on the defensive in the short term, with most rebounds still driven by selling pressure. The article states that if it fails to recover the nearby supply zone and restore momentum, prices still face the risk of further declines, with the next demand zone potentially located between $3.5 and $4.
