Avalanche strives to maintain $19: Will AVAX hold on?

! Avalanche tries to maintain $19: Will AVAX hold on?* AVAX has tested the critical support level at $19, which is converging in a symmetrical triangle pattern, indicating indecisiveness.

• The on-chain signal carries a bearish trend and a high percentage of investors are losing money suggesting a possible price decline.

Avalanche [AVAX] is converging in a symmetrical triangle pattern on the 4-hour chart and testing the critical support level at $19.

This support level has stood firm in the face of recent price movements, suggesting a possible rebound. Currently, AVAX is at a critical level, trading at $19.56 with a slight increase of 0.20% in the last 24 hours.

Will AVAX hold this support or will it fall further? Let's find out.

What does the current price reveal about AVAX?

At the time of writing, the AVAX price is testing the key support level of $19, which has been a reliable platform in previous price movements.

The symmetrical triangle pattern is now forming suggesting indecisiveness, where both buyers and sellers are waiting for the next move.

If AVAX can break through the upper boundary of the triangle, the price may experience a short-term rally. However, if this support level is not maintained, the price may fall further, leading to a deeper correction.

! AVAX price action Source: TradingView

On-chain signals indicate an upward or downward trend?

Analyzing the on-chain signals for AVAX, the overall outlook looks more bearish than bullish. Net network growth was -0.67%, indicating a slight downward trend in network activity.

Moreover, the "In the Money" index fell by 0.79%, indicating that the number of profitable investors is decreasing.

The Concentration Index is -0.19%, indicating a slight change in the distribution of AVAX Tokens.

Finally, large trades fell by 1.87%, indicating a lack of strong upside momentum by large investors. All of these on-chain signals indicate a clear lack of upside momentum at this point.

! AVAX on-chain signals Source: IntoTheBlock

How does In/Out of Money data affect prices?

The in/out of money chart highlights the downtrend around AVAX. At the time of writing, 80.09% of AVAX holding addresses are losing money, with a large portion of these investors losing money. Only 5.98% of owners are profitable at the current price.

This suggests that many investors are losing money and may be inclined to sell if the price drops below the $19 support level.

In addition, when the price is difficult to hold above this level, selling pressure may increase further, pushing the price of AVAX lower.

! Avalanche Attempts to Maintain $19: Will AVAX Hold On? - Bitcoin News - Latest Coin News Update 24/7 2025 Source: IntoTheBlock

Will AVAX hold $19 or will it fall lower?

AVAX is at a critical turn, and the next few hours may decide whether it will bounce up or drop lower.

With a symmetrical triangle pattern forming and a bearish-leaning on-chain signal, the risk of a price decline seems higher.

With the overwhelming number of investors who are losing money and the lack of clear on-chain upward momentum, AVAX will likely struggle to maintain the $19 support level.

Therefore, if the price fails to hold this important level, AVAX may face the next downtrend in the near future.

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