AVAX Price Consolidates Around $35 With Key Support and Resistance Levels
The AVAX price has shown minimal movement in early 2025, following a decline from a peak of $55 in December 2024 to approximately $32.2 by January 29.
Key Price Levels for Investors
- According to analyst Ali Martinez, critical on-chain levels influence AVAX's future trajectory.
- Approximately 302,100 addresses purchased around 14.26 million AVAX between $34.01 and $35.15, establishing support at $34.5.
- Investors may buy more AVAX at this level, potentially driving prices up.
- A sizable investor base exists in the $39.49 to $40.54 range, with over 233,000 addresses holding 12.33 million AVAX.
- This zone is identified as a major resistance level, where investors may sell for profit, exerting downward pressure on AVAX.
AVAX currently trades at about $34.8, reflecting a 1% increase in the last 24 hours but a nearly 3% decrease over the past week.
