Avalanche (AVAX) is currently trading at $9.09, showing a decline of 0.62% in the past day. Market activity has increased, but the token has failed to regain upward strength.
Crypto analysts are watching a narrow technical setup, as AVAX's price stays under pressure. Filiz, a crypto analyst, notes that the chart continues to provide signals, despite low attention from traders.
The major upside range in Filiz's perception lies between $11.26 and $15.57, which is considered a critical reversal range. A close above this range could open up the possibility of greater momentum, with higher targets of $23.35 and $33.35 in case the recovery is prolonged.
Another analyst, Emilio Crypto Bojan, also predicts that AVAX's price is capable of bouncing to $11 if it breaks out of the range of $8.13 to $10.58.