Avalanche Token Price May Be Due for Correction Following Helicon Surge

The price of AVAX has surged to $11.14 following the Helicon upgrade on September 22, but technical indicators suggest that this rally may be coming to an end.

With a relative strength index (RSI) of 79.80 in overbought territory and the moving average convergence divergence (MACD) histogram flatlining at zero, momentum has fully exhausted itself.

The Bollinger Bands show that AVAX is pinned against the upper ceiling with no room for further upside before mean-reversion forces kick in.

Key levels to watch include immediate resistance at $11.47 and strong clusters at $11.80, as well as support below at $10.75 and $10.35.