AVAX Price Eyes Breakout Toward $10 Amid Key Resistance Zone
Avalanche's AVAX token has been on a steady recovery path since its summer consolidation period, and it is now approaching a crucial resistance area around $8-$8.50.
According to crypto analyst KhomshuArc, maintaining this support level could create an opportunity for a move toward $10 and potentially higher levels, while rejection from the zone could push the price back toward the $6.80-$7.20 support region.
The current structure places AVAX between key support underneath and resistance above, with a sustained breakout through $8.50 improving the bullish outlook and failure to clear the zone keeping the cryptocurrency range-bound.