Revealed! Reasons Why AVAX Crypto Suddenly Stabilized at a Crucial Support Zone

Updated

June 10, 2025

Gambar Revealed! Reasons Why AVAX Crypto Suddenly Stabilized at a Crucial Support Zone

Jakarta, Pintu News – The Avalanche crypto token has shown some interesting price movements in recent days. Despite a sharp drop, AVAX found critical support again in the range of US$20.25-20.30, and now looks stable on a downward path with accumulation signals. This article presents the latest technical analysis from CoinDesk and a number of crypto platforms, as well as a forecast of market direction in the short term.

New Support Zone Forms the Basis of Stability

AVAX experienced a drop from US$ 21.48 to US$ 20.25, forming a new support zone in the range of US$ 20.25-20.30, according to analysis from CoinDesk. This support is characterized by a high volume of transactions, indicating re-entry buying interest. In addition, there are indications of a “double bottom” formation near US$ 19.97 when it previously fell sharply. The US$ 20.62-20.63 psychological level appears even stronger as a short-term accumulation point.

The price decline, which had reached 4-5%, broke the US$ 21.05 support, but the AVAX price bounced back and recorded stabilization above US$ 20.85. This indicates a strong resistance from the buyers’ side as the price approaches US$ 20.85-20.89. AVAX is currently trading in a descending channel with more permanent support around US$ 20.62 and initial resistance at US$ 21.40-21.50.

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Resistance and Volatility Hinder Upside Action

The resistance side of AVAX was very clear at the US$ 21.40-21.50 zone, where strong selling pressure of over 870,000 units emerged. This caused the rebound wave to be held back, forming a fairly firm resistance zone. Every time the price approached the regime, the selling volume increased, slowing down the momentum transfer.

In addition, its volatility is quite high. AVAX fell by almost 9% in 24 hours as economic tensions and global macro pressures increased. The recent bearish pattern formed a downward channel and resistance at US$20.68 which inhibits further upside. This suggests that despite strong support, without new buying volume impetus, AVAX could continue to fluctuate in a narrow range.

Dynamic Bullish Outlook and Driving Factors

Technical pressure aside, there are some fundamental factors that could push AVAX up:

There was a rebound of more than 6% in some sessions, as global political tensions – mainly related to Trump and Musk – that had rattled all risk assets eased.
Meme appeared an accumulation signal at the US$ 20.62-20.63 support, indicating a possible consolidation before price recovery.
Transaction volume on the Avalanche network also increased dramatically, mainly due to the launch of the Web3-like game MapleStory Universe-triggering an increase to more than 1 million transactions per day.

Analysts at TronWeekly predict that AVAX could hit targets of US$32, US$43, or even US$58, although this is dependent on confirmation of support in the US$20-19 range as well as general market sentiment.

Price Conversion in Rupiah and Recent Trends

With the current exchange rate of US$ 1 = IDR 16,281, support in the range of US$ 20.25-20.30 means around IDR 329,558 – IDR 330,245. Meanwhile, resistance in the range of US$ 21.40-21.50 is equivalent to IDR 348,089 – IDR 348,694. If AVAX continues its 6% surge to US$ 21.48, it will be worth around Rp 349,636. This provides a clear picture of AVAX fluctuations for domestic users.

Conclusion

Overall, AVAX is currently at a crucial juncture: strong support in the range of US$ 20.25-20.62 could serve as a “foundation” for a potential rally, while resistance at US$ 21.40-21.50 is a barrier that needs to be broken. Transaction volume and fundamental factors such as network activity are key determinants of whether AVAX will start a new upside phase or return to consolidation. Investors are advised to monitor the support level of US$ 20.62 as well as the resistance at US$ 21.40 carefully before making a decision.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

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