-
AVAX is also trading at $9.16 with a daily gain of 8.3 per cent, but still below $9.38 resistance.
-
Strong buyer activity near $8.46 continues to prevent deeper downside extensions.
-
A daily close above $9.38 could open room toward $9.50, while rejection risks $8.30.
Avalanche’s native token AVAX continues to trade within a defined daily range, as price action approaches a key resistance level. The AVAX/USDT daily chart shows consolidation between established support and resistance zones. AVAX is now trading at $9.16 and it has increased by 8.3% in the last 24 hours. The two also trade 0.0001381 BTC which indicates a 3.7% increase compared to Bitcoin. But the overall set up on the daily rate is range bound and the purple price is shrinking below overhead resistance.
Daily Chart Shows Tight Consolidation Between $8.46 and $9.38
The daily chart price action indicates that the market is in a horizontal channel, with the ceiling at around $9.38 and the floor around $8.46. It is worth noting that sellers had been protecting the region of $9.50 which is quite close to the given resistance at 9.38. Consequently, the rise was halted whenever the price touched that zone.
$AVAX Range Bound on Daily TimeFrame 👀
AVAX is consolidating and approaching $9.50 resistance on the daily.
Unless price can break and close above the resistance level, we are expecting price to return towards $8.30 support. pic.twitter.com/pMkRi9qVDk
— CryptoPulse (@CryptoPulse_CRU) March 1, 2026
Meanwhile, buyers stepped in repeatedly near $8.46, preventing extended downside continuation. Long lower wicks near the support region indicate strong intraday demand. Consequently, the structure now reflects equilibrium between buyers and sellers within this defined band. The 24-hour range remains contained within these broader levels, reinforcing short-term compression. Therefore, price continues to oscillate between boundaries without establishing a decisive breakout.
Resistance at $9.38 Caps Upside Attempts
As AVAX approaches $9.38, the market faces a clear inflection point. A daily close above this level would invalidate the immediate range structure. However, until that occurs, resistance remains intact.
Recent green candles show recovery strength from the $8.46 support. However, price still trades below the upper boundary. Additionally, the chart shows repeated rejection near the resistance band, which keeps bullish continuation limited.
If buyers manage to push above $9.38 and sustain a close, intraday expansion could follow. Under that scenario, price could test the psychological $9.50 level during today’s session.
Support at $8.46 Defines Downside Risk
Negatively, the main line of defence remains to be the $8.46. Unless price clears at $9.38, selling pressure may re-appear. AVAX, in this instance, can turn back to the support level of $8.46.
The consolidation trend will be broken by a daily closing below $8.46. As such, price may re-enter the base of the wick at around $8.30 that was previously facing demand. Today, the bullish continuation would need a break above $9.38 and a target of $9.50. On the other hand, resistance can lead to price being pushed to $8.46 or $8.30 before buyers react again.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC 15-minute surge up 0.77%: Spot buy-side demand and on-chain activity convergence drive short-term strength
2026-04-13 22:00 to 2026-04-13 22:15 (UTC), the BTC price fluctuated upward within 15 minutes, with a return of +0.77%. The high and low prices in the range were between 73178.0 and 73899.0 USDT, and the amplitude was 0.99%. During the event, market attention increased, volatility slightly intensified, and overall sentiment leaned positive.
The main driver behind this price deviation was active spot market buy orders stepping in, which pushed the BTC price higher in the short term. The number of active addresses on-chain remained at a high level, reflecting an increase in genuine trading demand. Trading volume was higher than in the previous period,
GateNews8m ago
Bitmine gets promoted to the NYSE main board! Tom Lee: US stocks may be bottoming out, and sell pressure on Ether could ease
Bitmine has officially moved from the NYSE American board to the main board in the United States, marking an important milestone for the company. Despite a sharp drop in its share price, it has still increased the share repurchase plan amount to $4.0 billion. The company holds a large amount of Ether, and it expects that a rebound in the crypto market will help improve its assets and share price performance.
CryptoCity1h ago
Bitmine promoted to the NYSE main board! Tom Lee: U.S. stocks may be near a bottom, and selling pressure on Ether may ease
Bitmine has officially moved from the NYSE American board to the main board in the United States, marking a major milestone for the company. Despite a sharp drop in the stock price, it has still increased the share repurchase program to $4 billion. The company holds a large amount of Ethereum, and expects that a rebound in the crypto market will help improve its assets and stock price performance.
CryptoCity4h ago
Crypto Market Records Dip While Sentiment Remains Neutral
The global crypto market is undergoing a correction, with a 0.86% drop in total capitalization to $2.41T. Bitcoin and Ethereum fell by 1.21% and 1.33%, respectively. Despite declines in DeFi TVL and NFT sales, some altcoins surged significantly.
BlockChainReporter6h ago
William Blair: After a certain CEX callback, risk is released, and prospects are boosted by USDC growth
Investment bank William Blair said that after a decline in its stock price in the first quarter, a certain CEX has already completed risk clearing, and the market has fully priced in expectations of weak trading volume and revenue. Although the trading data is soft, the impact is limited; the exchange has strengthened its competitiveness through a diversified layout. The stablecoin USDC continues to grow, raising its market share and generating synergistic benefits. Institutional investors are bullish on a market recovery and believe the exchange has upside potential.
GateNews6h ago
BTC 15-minute rise 0.48%: stronger spot buy-side demand combined with shrinking liquidity driving the move
2026-04-13 14:30 to 2026-04-13 14:45 (UTC), BTC saw a +0.48% return within a 0.55% amplitude range (71600.7–71997.0 USDT). During this period, market volatility increased; both spot and on-chain data indicate that short-term capital flows were notably active, market attention rose, and sentiment remains cautious.
The main driver behind this deviation is stronger spot-market buy pressure and the continued net outflow of exchange funds. Specifically, over the past 24 hours, BTC spot trading volume was about $33.15B, compared with the 7-day average
GateNews7h ago
