Avalanche (AVAX)

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#AVAX USDT chart shows that the price has retreated again to a very critical primary support level from the past and is trying to hold in this area.

As clearly visible on the chart, the $8.5‑$9 band previously acted as the main bottom in July 2021 and October 2023 and launched very sharp upward waves from there.

In the “June 2026” zone marked with an orange circle, the price appears to be taking a systematic response from this historic support level again and generating a reversal signal.

Maintaining this strong support around the current 8,960 level makes the risk‑reward ratio in the technical view quite attractive on the upside.

If this rebound that started from the bottom gains strength, the main descending trend line pointing upward (green arrow) and the $29,691 level can be followed as the first major technical target.

Do you think AVAX could, like it did twice in the past, launch another strong rally from this historic dip area and increase its weight among Layer‑1 projects?

Let’s meet in the comments.

#AVAXUSDT #Cryp