Avalanche Holds Above Key Demand Zone as Analysts Target $30 Recovery

Avalanche (AVAX) has seen a significant drop of over 60% since mid-December, erasing gains from November's rally. Current trading indicates some stabilization, with key price levels showing strong demand.

Analyst Ali Martinez notes that AVAX is holding above a critical support zone between $25.30 and $26.10.
This support could enable a recovery rally towards the $30 target if maintained.
The $27 mark has emerged as a crucial resistance level; breaking through could enhance bullish momentum.
AVAX recently traded at $26.7 after a 7% increase, signaling renewed buying interest.
Continued selling pressure remains a concern, especially if the price falls below the $25 support zone.

The next few days are pivotal for Avalanche, as investors look for signs of strength or further declines. Maintaining support at $27 is essential for potential upward movement.