AVAX, June 3, 2025. Short-term analysis (1–3 days) with weekly context.

Avalanche ($AVAX ) is currently trading around $21.22, exhibiting a tight consolidation pattern. The price action suggests a potential breakout or breakdown, depending on upcoming market movements.

Market Structure and Technical Overview

After a period of consolidation, AVAX has been hovering between $20.00 and $22.50. The price is facing resistance at $22.50 and support at $20.00.

Key levels:

  • Resistance: $22.50 – $23.00

  • Support: $20.00 – $19.50

Indicators:

  • EMA (50/100/200): The price is below the 50-day EMA, indicating short-term bearish momentum.

  • RSI (D1): Currently at 45, suggesting neutral momentum.

  • MACD (H4): Shows a bearish crossover, indicating potential downward movement.

Smart Money Zones and Intentions

The $22.50 – $23.00 range has been a significant area of interest, with multiple rejections in the past. A decisive break above this zone could trigger stop-loss orders from short positions, leading to increased buying pressure.

On the downside, the $20.00 – $19.50 support zone has held firm, indicating accumulation by larger players. A drop below this level might suggest a shift in market sentiment.

Institutional Flows and Market Context

  • ETF Inflows: Recent delays in ETF approvals have impacted market sentiment, contributing to AVAX's current price consolidation.

  • Exchange Supply: The supply of Avalanche ($AVAX ) on exchanges remains stable, suggesting that investors are holding their positions.

Near-Term Scenarios to Monitor

If Avalanche ($AVAX ) breaks above the $22.50 – $23.00 resistance zone with strong volume, it could pave the way for a move towards $25.00 and potentially $27.00.

Conversely, if the price fails to break this resistance and falls below the $20.00 support, it may indicate a bearish trend, with the next support level around $18.50.

Conclusion

Avalanche is at a critical juncture. A breakout above $23.00 could signal a continuation of the bullish trend, while a drop below $20.00 might suggest a reversal. Monitoring these key levels and market indicators will be essential in the coming days.

#AVAX✈️ #AvalancheAVAX #EconomicAlert #Binance #AvalancheUpdate