Avalanche Price Stuck in Sideways Trend
AVAX is trading at $6.54, down significantly from its swing high of $10.49 and sitting below the 200-day EMA at $8.45.
The asset is caught in a sideways trendline at $6.64, showing no clear directional conviction.
The technical indicators are genuinely split: RSI sits at 50.2 (neutral territory), Bollinger Bands show price pinned to the midline, and both MACD and On-Balance Volume are flashing bullish signals with rising volume accumulation.