Token Avalanche (AVAX) is sitting again in the same area where things reversed during 2022, and the feeling is familiar.
Crypto analyst Altcoin Pioneer shared on X a chart that captures this perfectly. The chart shows the price hovering around $13.26, almost sticking to the area that served as the last line of defense years ago. Many coin holders are watching closely because the chart that goes back to its roots usually carries a message.
Avalanche looks strangely calm on higher time frames. The chart shared by Altcoin Pioneer reveals a clear downward structure extending from the peak of 2021 to today, with each lower peak respecting that sloping trendline. The overall movement forms a stable channel that has guided the price of AVAX for over 3 years.
There is a horizontal area between $13 and $13.50 now in the center of attention. Avalanche has touched this area several times in the past and rebounded strongly each time. The price of AVAX has returned to the same block again, almost like a story revolving around its opening scene. The altcoin pioneer noted that this area was strong during the most aggressive phase of the decline in 2022, giving Avalanche enough room to reset before rising to 2023.
@AltcoinPiooners / X The price of AVAX interacted with the pressure inside the declining channel.
The price of AVAX has been declining towards the lower limit of the channel, yet the candles are getting smaller. The same chart shows a shrinking momentum often seen before volatility returns. Avalanche continues to respect the long-term structure, keeping the market wondering whether the pressure will ease or escalate.
The cryptocurrency analyst noted how the price sits exactly where the declining trend line starts and the support area diverges. This pressure typically forces a decision. Avalanche has maintained this rhythm for years, touching support and then drifting to the midpoint before meeting the upper limit again.
The Avalanche token AVAX sits near the lower limit of its three-week range as momentum indicators weaken. The altcoin pioneer noted that exhaustion tends to cluster around deep corrections like this. Buyers have defended the same level multiple times in the past and often intervened strongly when the candles reached oversold conditions.
The chart also shows how Avalanche interacted every time this area appeared. Each revisit produced a short accumulation phase before the price attempted to recover towards higher resistance layers. While no outcome is guaranteed, this behavior occurs frequently enough to warrant attention.
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The AVAX token faces two potential paths from here.
The market structure leaves two simple scenarios. The AVAX token could hold the known support at $13 again, forming a base for a rebound towards the midpoint of the channel. This path seems logical as it reflects previous reactions from this area. Avalanche tends to build reversals from areas that seem uncomfortable but have historically attracted strong interest.
Breakdowns would indicate something Avalanche has avoided since 2022. Any clear close below this block risks opening the way towards 11 or slightly lower, although there is nothing to suggest that such a move is certain. The technical picture mainly revolves around whether support can perform its function again.
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