$AVAX Holds Ground at Key Support as Helicon Upgrade Sparks Bullish Momentum

The Avalanche price has stabilized near a key support zone after experiencing a significant pullback. At the time of writing, $AVAX was trading at $6.47, with a slight increase of 1.33% and decreased trading volume by 7%. This consolidation within an ascending channel suggests that market participants are accumulating $AVAX at lower levels.

The ecosystem has shown positive developments as the Helicon upgrade went live on the Fuji Testnet. However, the token continues to trade below a key resistance zone, with traders watching for momentum to break through this barrier.

The Relative Strength Index (RSI) stands at 46.56, indicating improving buying momentum but not yet confirming a sustained bullish reversal. To overcome technical barriers and reach a potential target of $10, $AVAX must first break above the $6.90-$7.10 resistance zone and reclaim the $9.00 supply area.