The Avalanche Price continues to consolidate in the lower range after seeing a strong pullback from key support areas. It is trading at around $6.47 after an increase of 1.33%, while the volume of sales decreased slightly by 7%. So far, the environment has shown positive developments with the Helicon update taking place on the Fuji Testnet. However, AVAX continues to trade below a key resistance zone, with traders looking to see if the signal can generate enough strength to break even.
Avalanche Launches Helicon Update on Fuji Testnet
The The Avalanche Foundation has been confirmed that the Helicon upgrade has taken place on the Fuji Testnet, which indicates another event in the road network. The upgrade is driven by six Avalanche Community Proposals (ACPs) that have been approved through community governance, reflecting Avalanche’s approach to protocol development.
Although Maziko has not announced a mainnet deployment date, the release of the Fuji Testnet allows developers and app developers to test new features before they are widely released. Testnet deployment helps identify potential problems and ensure network stability before deployment on the main network.
AVAX Prices Trade In Uptrend As Order Bars Define Key Areas
AVAX was trading at $6.46 at the time of writing, continuing to consolidate within an uptrend after recovering from its June lows. The pattern shows a slow recovery, the indicator sets lows when it stays below the key area.
The price is currently holding above the bullish structure between $ 6.20 and $ 6.50, where buyers have repeatedly entered in the past few weeks. The continued protection of this key position suggests that market participants are piling up AVAX at lower levels, helping to maintain a short-term recovery plan. A break below $6.20 would disrupt the bullish setup and could push the indicator to the $6.00 emotional level, followed by the June low near $5.60.
Currently, the Relative Strength Index (RSI) stands at 46.56, slightly below the neutral 50 level. This shows that inflation is picking up from what was seen after June’s sharp decline but has not confirmed a sustained recovery.
On the downside, AVAX faces long-term resistance within the bearish barrier between $6.90 and $7.10. The store has been undergoing multiple tests since early July, making it a major problem for shoppers. A positive daily close above $7.10 would clear the block and strengthen the case for a rally to the next big $9.00 area.
Overall, the technical structure remains cautiously bullish as long as AVAX holds above the key $6.20-$6.50 range. However, a retracement of the $6.90-$7.10 supply zone will be critical to ensure greater volatility and a bull-friendly move.
Can AVAX Price Reach $10?
While Avalanche’s improvements support its long-term outlook, AVAX must first overcome significant technical hurdles before moving to $10 a reality. The indicator should break above the $6.90-$7.10 zone and recover the $9.00 supply area to confirm a stable bullish trend. As long as AVAX continues to be above the $6.20-$6.50 threshold, buyers have a near-term advantage, but the elimination of the next consecutive levels is very important before the $10 opinion is reached.
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