As of March 6, 2025, Avalanche (AVAX) is trading at $21.81, reflecting a slight increase of 0.088% from the previous close.

Recent Developments:

Technical Analysis: AVAX has been testing a critical support level around $21. A breakdown below this support could potentially lead to a 30% price drop.

Bullish Indicators: Some analysts have identified a bullish divergence at the $20 support level, suggesting a possible short-term rebound.

Price Predictions:

Short-Term: Forecasts indicate that AVAX may trade between $21.31 and $21.37 this week, with a potential increase to $21.96 by March 17, 2025.

Long-Term: Predictions for 2025 vary, with some analysts expecting AVAX to reach $30, while others anticipate higher valuations.

Trading Considerations:

Support Levels: Monitor the $21 support level closely. A sustained break below this could signal further declines.

Resistance Levels: Key resistance is identified around $22.34. A break above this could indicate bullish momentum.

Market Sentiment: Stay updated on broader market trends and news, as they can significantly impact AVAX's price movement.

Recommendation:

Given the current technical setup, traders should exercise caution.