• AVAX price faces selling pressure after reaching new all-time highs.
  • Several support zones exist for AVAX in the event of any weakness.
  • $100 remains the primary target for new all-time highs.

AVAX price has been trading sideways since failing to hit the critical $100 price level. Some implied weakness in Bitcoin and Ethereum will most definitely weigh on AVAX, but downside risks should be limited.

AVAX price consolidates and awaits clear market direction

AVAX price has been on a steady uptrend since the most recent significant swing low of $51 on October 12th. Since October 12th, AVAX has gained a staggering 90% without a meaningful retest or pullback. The rejection near $100 was the first sign that a pullback may occur – but it has yet to happen.

The Composite Index and Optex Bands oscillators offer some insight into the likelihood of any drop in AVAX price being sustained. The Optex Bands remain near extreme overbought conditions and are just now beginning to slope down and away from those extremes. Additionally, the Composite Index has crossed below both of its moving averages and is at a neutral value area – which indicates any move lower by AVAX is likely to extend for a little while.

Downside risks should for AVAX price should be limited to the $61 value area. The $61 level contains the 38.2% Fibonacci retracement, Senkous Span A and a high volume node in the Market Profile. However, it is possible that AVAX may not test that low and could, instead, find its next swing low at the Kijun-Sen ($75).

AVAX/USDT Daily Ichimoku Chart

Traders will want to observe any move that hints at AVAX breaking out above the current consolidation that is developing. For example, a daily close above $94 would be an early warning to any short-sellers that a push towards the $100 level is imminent.


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Japan mulls lifting Bitcoin ETF ban, slashing taxes on crypto gains

Japan mulls lifting Bitcoin ETF ban, slashing taxes on crypto gains

Japan's Financial Services Agency has proposed a rule change to bring crypto assets under the jurisdiction of the Financial Instruments and Exchange Act. The proposal, to be reviewed on June 25, could pave the way for the listing of Bitcoin ETFs.

Bitcoin recovers as Iran-Israel ceasefire fuels risk-on sentiment

Bitcoin recovers as Iran-Israel ceasefire fuels risk-on sentiment

Bitcoin price stabilizes around $105,000 on Tuesday after a 4.33% gain on Monday, driven by easing geopolitical and regulatory concerns. Global risk appetite is increasing as the ceasefire between Iran and Israel, along with the Fed's softer stance on crypto-related banking, takes hold.

Crypto Today: Bitcoin, Ethereum, XRP consolidate gains after Israel-Iran ceasefire 

Crypto Today: Bitcoin, Ethereum, XRP consolidate gains after Israel-Iran ceasefire 

Tensions in the Middle East have taken the backseat after US President Donald Trump announced a ceasefire between Israel and Iran on Monday. Global markets, including cryptocurrencies, ticked up, boosting BTC's recovery above $105,000 at the time of writing on Tuesday.

Pi Network Price Forecast: Minor recovery teases trend reversal amid GenAI claims, Pi2Day

Pi Network Price Forecast: Minor recovery teases trend reversal amid GenAI claims, Pi2Day

Pi Network edges higher on Tuesday, holding above a crucial psychological and trendline support. The Pi Core team teases a potential Generative AI feature to be announced on Pi2Day, June 28.  

Bitcoin Weekly Forecast: The calm before the storm

Bitcoin Weekly Forecast: The calm before the storm

Bitcoin (BTC) price remains steady above a key support level, trading slightly above $106,000 at the time of writing on Friday. The uncertainty looms as geopolitical tensions between Iran and Israel show no sign yet of an exit strategy from either side.

The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

BTC

ETH

XRP