Avalanche (AVAX) is at a critical juncture, hovering near $19.50–$19.80 support level. A breakdown here could trigger deeper losses and wipe out recent gains from April. analysts attribute the rise to expanding DeFi applications and increased institutional investment. 7-day EMA stands at $20.495, and 50-day SMA sits at $19.884, suggesting short-term volatility while long-term support remains critical. The cryptocurrency’s weekly chart shows AVAX testing a horizontal trendline that dates back to late 2021. This zone acts as both support and resistance over the past few years, potentially shifting momentum upward if held. A failure could initiate a decline toward $14.00–$15.00. The asset’s trading activity remains weak with no visible buyer defense, but momentum indicators show early signs of recovery with Stochastic RSI in bullish territory and MACD showing potential for bullish convergence.