AVAX’s $27.65 Level Emerges as Key Contest Between Buyers and Sellers

In the last week, Avalanche’s (AVAX) native token has dropped by 17%, with its price now hovering at crucial support levels between $24.8 and $25.9. This decline, mirroring the broader downturn in the crypto market, has caused

to slip to $27.72 after being unable to surpass the significant resistance at $30.28. Even with institutional moves such as Nasdaq-listed AVAX One’s $550 million AVAX purchase plan, the downward momentum has not been reversed Avalanche Extends Weekly Losses to 18% as Institutional Backing Fails to Lift Market [ 1 ]. Technical analysis indicates that although trading volume has fallen to 121,896 tokens, the market remains wary about Avalanche’s long-term prospects Avalanche Extends Weekly Losses to 18% as Institutional Backing Fails to Lift Market [ 1 ].

Recent price movements have brought attention to a key support area near $27.65, with experts noting that price stability could return if buyers maintain this level. Large holders accumulating AVAX have contributed to

, as reports of a $17 million AVAX buy highlight the significance of the $27–$28 price band AVAX Price Prediction: AVAX Eyes $37 Breakout as $27 Support Gets Tested [ 2 ]. Holding above this area could pave the way for a move to $32, with the $36–$37 range marked as the next major resistance. On the other hand, if the price falls below $27, a retest of the $24–$25 support zone could follow AVAX Price Prediction: AVAX Eyes $37 Breakout as $27 Support Gets Tested [ 2 ].

The Avalanche ecosystem has shown strength in other areas. In September, DEX trading volume on the network nearly doubled, climbing from $2.7 billion to over $5 billion, indicating increased liquidity and user activity AVAX Price Prediction: AVAX Eyes $37 Breakout as $27 Support Gets Tested [ 2 ]. Institutional interest has also grown, with SkyBridge Capital’s Anthony Scaramucci and Coinbase’s Brett Tejpaul advising AVAX One, a company aiming to hold more than $700 million in AVAX Avalanche Extends Weekly Losses to 18% as Institutional Backing Fails to Lift Market [ 1 ]. These factors highlight Avalanche’s strategic role in the real-world assets (RWAs) sector, though many investors remain cautious until stronger buying pressure emerges.

Market sentiment is currently mixed. Derivatives data shows AVAX trading volume has surged 62.73% to $298.27 million, but open interest has dropped 5.20% to $248.31 million, suggesting some traders are closing their positions AVAX Buyers Beware: Key Support and Resistance Levels to Watch Before Investing [ 4 ]. The long/short ratio on major platforms is 0.941, favoring sellers, while Binance’s AVAX/USDT ratio (2.3367) points to bullishness among its users AVAX Buyers Beware: Key Support and Resistance Levels to Watch Before Investing [ 4 ]. On-chain data, such as a 30% boost in C-Chain throughput after the Octane upgrade and an eightfold increase in daily transactions since March, demonstrate the network’s robust performance.

Looking forward, analysts are divided. Bullish projections depend on AVAX breaking above $37, with some foreseeing a rally toward $80 Can Avalanche (AVAX) Price Extend Its Rally? Here’s What [ 3 ]. However, bearish signals—including a double-top chart pattern and negative divergences in RSI and MACD—suggest a possible drop to $28.50 or lower. The crucial test will be whether AVAX can stay above $27; holding this level could support a bullish outlook, while a fall below it may indicate further consolidation AVAX Price Prediction: AVAX Eyes $37 Breakout as $27 Support Gets Tested [ 2 ].