AVAX price is holding near $6.49 as a double-bottom and bullish divergence support recovery hopes, while whale selling keeps downside risk in focus.
AVAX price is trading near $6.49 after a quiet 24-hour move, but the latest AVAX setup is starting to show a sharper split between short-term technical recovery signals and fresh whale-related selling risk.
AVAX Attempts Rebound as Buyers Defend Key Support
AVAX price is currently trading near $6.49. The token has posted a modest gain over the past 24 hours, with its market cap hovering around $2.80 billion and daily trading volume close to $177 million.
Recent price action shows AVAX bouncing from a low near $6.37 after losing momentum at the top of its recent range. While the recovery is still developing, it suggests that buyers are stepping in to defend lower levels.
AVAX is trading near $6.49, down 0.061% over the last 24 hours. Source: Brave New Coin
According to data from Brave New Coin, the $6.35 to $6.40 range is now acting as immediate support. Holding above this zone could allow AVAX to push higher toward resistance levels at $6.65 and $6.80 in the near term.
Short-Term Double-Bottom Supports Recovery Case
The strongest bullish signal on the short-term chart comes from a possible double-bottom structure. Trader Symba highlighted that AVAX has seen a good bounce after forming two similar lows, suggesting that sellers may be losing pressure near the current range.
The chart shows the price recovering from the lower zone and attempting to move back towards the previous trend area. If this structure holds, AVAX could begin rebuilding momentum towards the $7.00 region.
AVAX forms a potential double bottom as buyers defend the lower range and target a recovery towards $7.00. Source: Trader Symba via X
However, the pattern still needs follow-through. A move above $6.80 would make the double bottom more convincing, while a break below the recent lows would weaken the setup and put sellers back in control.
Whale Transfer to Coinbase Adds Near-Term Caution
The bullish setup is not without risk. Nazoku reported that whale Oxadd dumped more than $1.1 million worth of AVAX on Coinbase in the past hour, adding short-term supply pressure to the market.
The same thread also noted that a North America-based whale had unstaked nearly 3 million AVAX, worth about $20.15 million, from Benqi Finance and moved it to a new wallet. The transfer raised concerns that more tokens could eventually move toward exchanges.
AVAX faces fresh selling pressure after whale Oxadd dumped over $1.1 million worth of tokens on Coinbase. Source: Nazoku via X
Large whale deposits or exchange transfers can pressure sentiment because traders often read them as potential selling activity. This does not guarantee a major sell-off, but it makes the $6.35 support area more important in the near term.
Bullish Divergence Appears on the 4-Hour Chart
Despite the whale activity, some technical signals are improving. A chart shared by CryptoJack shows AVAX price forming a bullish divergence on the 4-hour timeframe.
AVAX forms a bullish divergence on the 4-hour chart, supporting a possible recovery towards $6.80 and $7.00. Source: CryptoJack via X
The setup shows price making lower lows while momentum appears to be forming higher lows. This can suggest that selling pressure is weakening, even if price has not fully reversed yet.
If the divergence continues to play out, AVAX could attempt a recovery towards $6.80 and then $7.00. A stronger move above those levels would bring the next resistance zone closer to $7.30.
Avalanche Ecosystem Activity Strengthens the Bigger Picture
The broader Avalanche outlook also received support from comments shared by Michaël van de Poppe. He pointed to rising activity on Avalanche, including stablecoin supply growing by 48% in a week and BlackRock’s BUIDL fund expanding by more than 100% in the same period.
According to the analyst, this activity is a strong signal of adoption and ecosystem growth. While these developments do not guarantee an immediate AVAX price rally, they add a more constructive backdrop to the technical recovery setup.
Avalanche ecosystem growth supports a possible AVAX recovery towards $10.50. Source: Michaël van de Poppe via X
Van de Poppe also highlighted a technical structure forming on the chart, suggesting that if AVAX can continue building strength from the current base and reclaim key resistance levels, the price could eventually target the $10.50 region.
If network activity continues to grow while AVAX holds its support zone, traders may become more confident in a medium-term recovery. The chart shared with the update also points to a higher target area if the price can continue building from the current base.
AVAX Price Prediction: Reclaim Levels Before Bigger Upside
AVAX price now needs to prove that the current bounce is more than a short-term reaction. The first important level is the $6.65 to $6.80 zone, which has acted as nearby resistance after the latest pullback.
A clean move above that area could open the door towards $7.00. If momentum improves further, the next upside area sits around $7.30 to $7.50.
On the downside, $6.35 remains the first key support. A breakdown below this level would weaken the double-bottom and bullish divergence setups, especially if whale selling continues.
The main levels to watch are:
- $6.35 to $6.40 as short-term support
- $6.65 to $6.80 as first resistance
- $7.00 as the next recovery level
- $7.30 to $7.50 as the stronger upside zone
- Below $6.35, sellers could regain control
- Outlook: AVAX Needs Confirmation Above Resistance
Avalanche is showing early signs of recovery, but the chart is not fully confirmed yet. The double bottom and bullish divergence both support a rebound, while stronger ecosystem activity gives the market a better long-term backdrop.
The risk comes from whale-related selling pressure. If large transfers continue moving toward exchanges, AVAX price may struggle to build momentum unless buyers absorb the supply.
For now, the AVAX price prediction remains cautiously constructive above $6.35. A move above $6.80 would improve the setup, while a breakout above $7.00 could bring $7.30 and $7.50 back into focus.