- AVAX’s price resilience above $8.75 suggests a potential rebound toward $10.
- Key resistance levels to watch for AVAX include $9.35, $9.65, and $9.95.
- Defending the $8.75 support level is crucial for maintaining bullish momentum.
Avalanche (AVAX) is showing strong resilience above the crucial $8.75 support level, with a potential recovery toward $10 in play. If AVAX can maintain momentum above this key level, breaking through resistance at $9.35, $9.65, and $9.95 could pave the way for significant upside in the coming days.
Avalanche (AVAX) Shows Resilience Above Key Support
Avalanche (AVAX) is showing strong resilience above the critical $8.75 support level. According to analyst Ali Charts, as long as AVAX remains above this level, the possibility of a recovery toward $10 remains intact.
The hourly chart highlights this key price floor as crucial to the asset’s near-term outlook. Maintaining above $8.75 would allow AVAX to build momentum, potentially pushing the price higher.
Key Resistance Levels for AVAX on the Path to $10
As AVAX trades within a defined range, analyst Ali Charts points to several resistance levels to watch on the path toward $10. The key resistance zones are $9.35, $9.65, and $9.95.
These incremental levels need to be broken for a sustained upward move. The $8.75 support level remains critical, and defending this zone will be essential for continuing the bullish setup. A sustained position above this support could trigger the expected rebound toward double-digit territory.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
