Avalanche Price Stabilizes Near Key Support Ahead of Helicon Upgrade

Avalanche's price has been holding steady near key support after a recent pullback from a pivotal zone. The token is currently trading at around $6.47, up 1.33% in the last day, with a minor decrease in trading volume.

The Avalanche ecosystem has seen positive developments with the Helicon upgrade going live on the Fuji Testnet, marking another milestone in the network's roadmap. This upgrade was powered by six community-approved proposals that reflect the decentralized approach to protocol development.

Despite the recent price action, AVAX continues to trade below a key resistance zone, and traders are watching to see if it can build enough momentum for a breakout. The token is currently holding above a bullish order block between $6.20 and $6.50, where buyers have repeatedly stepped in over the past several weeks.

The Relative Strength Index (RSI) stands at 46.56, remaining slightly below the neutral 50 level, indicating improving buying momentum from oversold conditions seen after June's sharp decline. However, reclaiming the $6.90-$7.10 supply zone will be crucial for confirming a broader trend reversal and shifting momentum in favor of the bulls.