Avalanche Price Falters at Key Resistance Level

The price of Avalanche (AVAX) is currently trading at $7.39, down 2.04% from the previous 24 hours.

This drop comes after a significant rally seen in late August, and experts believe that the price is facing resistance at the $7.80 level.

The Bollinger Band analysis shows that AVAX is trading above the middle line of the band at $6.754, but still below the upper band at $7.802.

A break above the $7.80 price level would be bullish for the price structure, while a rejection near this level followed by a move below $7.254 could lead to a deeper pullback towards $6.754.