#Avalanche is currently trading around $21.43, showing a slight decline of 1.99% as of September 5, 2024. Over the past week,$AVAX has been fluctuating within a range of $20.51 to $24.69, reflecting continued volatility in the market. Daily technical indicators, including simple and exponential moving averages (SMAs and EMAs), suggest a generally bearish outlook, with most indicators recommending a "sell" for short- to mid-term periods. Prices are expected to consolidate around the $21 mark as support, though further bearish momentum could push it lower
$AVAX broader technical picture shows resistance in the upper $20s, and market sentiment has weakened in recent weeks. However, the Avalanche network continues to maintain a strong presence in decentralized finance (DeFi), with high transaction throughput and notable partnerships, such as a collaboration with the California DMV to digitize vehicle titles
In terms of future projections, AVAX is predicted to recover in the long term, with expectations to cross $100 by 2026.
