As of May 4, 2025, Avalanche ($AVAX ) is trading at approximately $20.84 USD, reflecting a slight daily decline of 1.19%. The 24-hour trading volume stands at around $185 million, indicating moderate market activity.
🔍 Market Overview
$AVAX has experienced a modest pullback today, with prices ranging between $20.58 and $21.34. Despite this, the token has shown resilience, maintaining a position above the critical $20 support level. Over the past month, AVAX has appreciated by approximately 15.6%, though it remains about 85% below its all-time high of $147.50 set in November 2021.
📈 Technical Insights
Recent analyses suggest that AVAX is in a consolidation phase, with key support at $20.81 and resistance around $21.87. A break above the resistance could signal a bullish trend, while a drop below support may indicate further downside risk$XRP
📰 Recent Developments
ETF Filings: Financial institutions like VanEck and Grayscale have filed for Avalanche-based ETFs, signaling growing institutional interest.Analyst Predictions: Standard Chartered projects that AVAX could reach $250 by 2029, citing the network’s scalability and recent upgrades.
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