TLDR
- AVAX trades at $20.62, down 1.37% in 24 hours, holding key support above $20 level
- SEC delays Grayscale AVAX ETF decision to July 15, 2025, keeping the token in regulatory spotlight
- On-chain Bubble Risk metric drops below 1.0, suggesting AVAX may be undervalued at current levels
- Technical analysis shows potential bull flag formation on weekly charts with $300 long-term target
- Trading volume declined 46.81% to $280.81 million, indicating possible investor hesitation
Avalanche price currently sits at $20.62, showing a modest decline of 1.37% over the past 24 hours. The cryptocurrency finds itself at a critical juncture as multiple factors converge around this key price level.
The Securities and Exchange Commission has set July 15, 2025 as the new decision date for Grayscale’s proposed AVAX spot ETF. This represents another delay in the regulatory review process but keeps Avalanche in the ETF conversation.
JUST IN: The SEC has chosen a new date for a decision on Grayscale’s spot ETF for $AVAX.
The new review date is set for July 15, 2025. pic.twitter.com/qTQ6jYbMgc
— The Degen Times (@DegenTimes69) May 29, 2025
The ETF discussion continues to generate interest among crypto investors. Being part of the ETF narrative can influence market sentiment even without immediate approval.
AVAX price action shows the token testing a familiar trendline that previously provided support during May’s recovery. The current price hovers just above the $20.50 level where this trendline intersects.
Technical analysts point to this zone as either a potential bounce area or a break point for further declines. If the trendline holds, bulls may target the $22.80 level and eventually the $27 region.
A failure to defend current support could open the path toward $18. The price action remains cautious as traders watch these key levels.
On-Chain Metrics Signal Potential Value
On-chain data provides a different perspective on AVAX’s current position. The short-term Bubble Risk indicator has dropped below 1.0 into bearish territory.
This reading historically suggests reduced overvaluation pressure. The current reading of 0.916 implies AVAX could be in an undervalued state.
Such readings often appear during local bottoms or consolidation phases before larger moves develop. The metric suggests the token is not overheated at present price levels.
Trading volume tells another part of the story. Volume dropped 46.81% to $280.81 million, possibly indicating investor hesitation or typical weekend trading patterns.
Over the past week, AVAX has declined 8.46%, suggesting consolidation within a tight trading range. This sideways movement comes as the broader crypto market searches for direction.
Long-Term Technical Outlook
Weekly chart analysis reveals a potential bull flag pattern forming over the past year. This technical setup shows AVAX creating higher highs and higher lows between parallel trend lines.
$AVAX Weekly Bullish Setup🔥
Avalanche is preparing for a massive breakout from a macro bullish pattern📈
On the weekly, price is forming a bullish flag channel. Currently $AVAX is still making its way to the upper band of the channel with a pending breakout.
Long Term Target… pic.twitter.com/mDqgI2aLBm
— Bitcoinsensus (@Bitcoinsensus) May 31, 2025
The upper boundary of this pattern sits around $23.46, representing a key resistance level. A break above this zone could confirm the bullish pattern and trigger upward movement.
Some analysts project a long-term target of $300 if the bull flag plays out successfully. This would represent a roughly 12-fold increase from current price levels.
Market predictions for 2025 show mixed outlooks. Some forecasts suggest AVAX could reach $44.79 by year-end, approaching previous highs of $146.22.
Other predictions remain more conservative. June forecasts place AVAX in a tight range between $19.98 and $20.99, with an average price of $20.49.
The cryptocurrency analysis community maintains watchlists that include AVAX as altcoins begin attracting renewed attention. Growing interest coincides with the token testing major support levels.
Current price action positions AVAX at the intersection of technical support, on-chain value signals, and regulatory developments. The July 15 ETF decision date provides a specific catalyst on the horizon.
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