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AVAX Price Near Key Support Level: Analyst Sees Potential for Rally

Guavy AI Editorial Team
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AVAX
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Avalanche (AVAX) is currently trading near $6.42-$6.48, with its price fluctuating in a tight range.

Crypto analyst Crypto Patel notes that similar chart structures preceded major rallies in the past, specifically in 2020, 2021, and 2024.

The current price is trading almost exactly where his projected accumulation zone begins, but it's essential to note that the overall trend remains distinctly bearish.

The AVAX price has declined by 95.4% from its peak of $141.64 in 2025 and continues to show lower highs and lower lows on the 2-week chart.

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