AVAX has been on a rollercoaster ride over the past day, bouncing between key support and resistance levels as traders look for direction. After a strong early push, the momentum faded near $22.40, leading to a pullback and choppy sideways action. With price hovering in a tight range, all eyes are on whether bulls can reclaim control or if sellers will drag it back to support. Let’s break down the price action and what could come next.
AVAX Price Analysis of 29th April, 2025
The AVAX price action on a 5-minute chart on April 28 shows price initially extending a bearish sentiment from the prior day’s downtrend, slipping toward the $20.80 mark in the early hours. However, sentiment reversed around 01:30 UTC as bulls entered strongly, initiating a steep upward channel. This move was supported by a golden cross on the MACD and RSI climbing out of oversold territory into the 60–70 band. AVAX Prices surged past $21.80 and tested the critical resistance near $22.40 by 08:15 UTC. Although this marked a new intraday high, multiple rejections at this resistance suggested fading bullish momentum.
Chart 1, Analyzed by Alokkp0608, published on April 29th, 2025.
Between 09:00 UTC and 12:00 UTC, Avalanche token attempted to consolidate above $22.20 but failed to establish a clean AVAX breakout. RSI remained in the overbought zone for most of this stretch, while the MACD histogram showed slowing bullish momentum, indicating exhaustion. A quick shift in sentiment saw AVAX price break into a descending channel from around 11:45 UTC, where selling pressure intensified. Price declined steadily toward the $21.30 support by 16:15 UTC, with MACD printing a bearish crossover and RSI dropping into the 35–40 range, underscoring increased bearish control.
Between 16:15 UTC and 21:00 UTC, Avalanche token attempted a rebound off the $21.30 support, moving toward $22.10. This recovery was fueled by a bounce in RSI from near-oversold territory and a mild golden cross forming on the MACD. Still, the upside lacked conviction as volume remained low and candles showed frequent upper wicks, reflecting persistent sell-side liquidity. At $22.10, sellers regained momentum, capping further upside. This price point became a near-term range top, with lower highs starting to form.
AVAX Price Outlook: What’s Next for Avalanche Token?
From 21:00 UTC through April 29, the Avalanche token entered a sideways trading range between $22.10 and $21.65. RSI hovered near the neutral 50 zone, and the MACD showed tight, alternating crossovers, suggesting indecision. Despite holding above the $21.65 short-term support, bullish energy remained constrained. Price fluctuates near this level, attempting to gather strength for an AVAX breakout. However, the lack of directional conviction and repeated MACD crossovers signal consolidation could persist before a decisive move materializes.
Range-Bound but Setting Up for a Break
AVAX price has been holding its ground above the $21.30–$21.65 support zone, showing signs of strength even in the face of selling pressure. The RSI hovers around neutral levels, and MACD signals remain mixed, reflecting indecision. Still, the market has rejected lower prices several times, suggesting buyers are quietly stepping in. If AVAX can push above $22.10 with solid momentum, a retest of the $22.40 resistance looks likely. On the flip side, losing $21.65 could trigger another drop toward $21.30. The setup feels calm before a potential AVAX breakout, leaning slightly bullish with room to run if momentum picks up.
Avalanche Price Analysis of May 1st, 2025
The AVAX price action on a 5-minute chart over the past 24 hours began with a sideways path inside a descending price range between $21.90 and $21.45. This sideways consolidation lasted until around 11:35 UTC on April 30. Price swings were relatively narrow, suggesting market indecision and fading bullish momentum. During this time, the RSI mainly remained neutral, while the MACD formed a death cross early in the session, hinting at bearish control ahead. A sharp drop soon followed, pushing the Avalanche price decisively lower. The early phase displayed no significant buyer support, indicating vulnerability to further downside in the following hours.
Chart 1, Analyzed by Alokkp0608, published on May 1st, 2025.
From 11:45 UTC onward, AVAX price plunged into a steep downtrend channel, falling sharply to the key support level of $20.50. This support level triggered minor buying interest, and the price began bouncing with unstable traction. Multiple MACD golden crosses appeared after the decline, indicating AVAX recovery attempts, but follow-through remained weak. The RSI dropped deep into oversold territory twice, reinforcing that the market had temporarily bottomed. However, sellers remained present, leading to frequent failed bounces near $21.00. Between 15:00 and 18:00 UTC, price action turned choppy and indecisive again, with AVAX struggling to sustain any meaningful reversal.
Slow Grind Higher with Upward Bias
During the 18:00–00:00 UTC session, AVAX price continued to experience volatile swings with a slight upward lean, forming higher lows but lacking strong breakouts. This behavior gradually became a weak ascending channel, price fluctuations between $20.75 and $21.25 indicated resistance near previous breakdown levels. MACD oscillated frequently between golden and death crosses, highlighting uncertainty and a lack of trend conviction. RSI remained mostly balanced but occasionally ticked into overbought, suggesting temporary buyer strength. Despite frequent rejection wicks, the Avalanche price showed signs of accumulation, slowly setting the stage for a stronger directional move heading into the new trading day.
Bulls Reclaim Control but Face a Key Barrier
From 00:00 UTC into the early morning of May 1, AVAX began to show more consistent bullish activity. Around 04:35 UTC, price action entered a stronger uptrend channel. Buyers pushed the token past $21.20 and approached the crucial resistance zone of $21.45. Momentum began building visibly, with a steady sequence of higher lows forming. MACD crossed bullish again and started widening, confirming trend strength. Meanwhile, RSI flirted with overbought conditions multiple times, reflecting intense but possibly overextended buying pressure. This renewed uptrend suggested bullish participants were actively defending dips, but challenges loomed at key price ceilings.
AVAX Tests Crucial Resistance at $21.45
In the most recent stretch leading up to 10:15 UTC on May 1, AVAX price surged into the $21.45 resistance zone. This level had acted as a former support before the breakdown and now posed a significant test for the bulls. The uptrend channel remained intact as the price pressed against this barrier. RSI spiked into the overbought region again, indicating buyers were in control but approaching exhaustion. MACD lines continued diverging positively, suggesting momentum still favored the upside. However, the reaction around $21.45 will determine whether the uptrend continues or a short-term rejection pushes prices back toward $21.10–$20.85.
AVAX Recovery at Key Resistance Crossroads
AVAX price trades near the critical resistance of $21.45, which may define its next significant move. If bulls manage a clean break and sustained hold above this price, the next upside target lies around $21.80. However, a rejection could send the token back toward interim supports at $21.10 and $20.85. Momentum is currently bullish, with MACD showing a wide positive crossover and RSI hovering in overbought territory, suggesting that price may push higher, but not without risk of a pullback. The coming hours will be pivotal in confirming whether this AVAX recovery has real staying power or faces rejection.
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