Avalanche briefly dipped below $19.10 before rebounding sharply, indicating strong buying support near that level.
The token has since recovered to around $19.61, showing renewed bullish momentum after a short-term correction.
If this upward pressure continues, AVAX could aim to retest resistance levels near $19.80 and $20.00.
At the time of writing, the Memecoin was trading at $19.58, reflecting a modest 0.33% decline over the past 24 hours.
Source: CoinMarketCap
The TD Sequential indicator accurately signaled the recent top for Avalanche ($AVAX) when prices reached the $38–$40 range. This prompted a significant downward movement that followed soon after.
This pattern, often used by traders to identify potential exhaustion points in bullish trends, indicated that buying momentum was weakening, paving the way for a correction.
True to the signal, AVAX experienced a consistent decline, forming lower highs and testing key support zones over the past few trading sessions.
Source:X
Now, according to Ali Martinez’s analysis, the same TD Sequential is flashing a buy signal. This suggests that bearish pressure may be waning, and a potential trend reversal could be on the horizon.
This setup typically forms after prolonged selling phases, signaling that the market could be near an exhaustion point where sellers lose control.
If confirmed, AVAX may see renewed upward momentum in the short term, provided it holds above current support levels around $19 and gains sufficient buying volume to break through the next resistance areas.
AVAX rebounds from key weekly support, signaling potential trend reversal
According to analyst VexeCrypto, Avalanche is currently holding above a strong weekly support level, the same price zone that has historically marked the beginning of major upward rallies.
This support area has repeatedly acted as a key demand zone, attracting buyers each time AVAX approached it.
The consistent rebounds from this region in previous cycles suggest that long-term investors view this level as a “super discount zone.”
At this point, the risk-to-reward ratio becomes highly favorable for accumulation, attracting buyers who anticipate a potential upside from current levels.
Source: X
VexeCrypto noted that the current setup indicates potential bullish momentum building once again.
With AVAX consolidating near the lower boundary of this zone, any confirmed bounce could trigger renewed buying pressure and spark another significant price recovery.
While a breakout above the descending trendline remains essential to confirm a broader trend reversal, the price structure shows promising signs of stabilization.
Historical behavior around this level also suggests growing optimism and the possibility of a sustained move higher in the coming weeks.