Avalanche Price Stabilizes at $6.55 Amid Broader Market Caution

Avalanche's price is currently trading at $6.55, which puts it within a long-term monthly demand zone that has historically attracted buyers.

According to The Boss, if this support level holds, several upside price targets up to $29.97 could be achieved.

However, a monthly close below this level could deepen the downtrend.

In contrast to its flat price movement, the number of active addresses on the Avalanche network has risen 30% to nearly 119,600 daily users, indicating increased network activity.