Avalanche (AVAX) price struggles at $7 resistance level

Avalanche (AVAX) has been trading near $6.4–$6.9, with analysts noting strong technical resistance around $6.68 to $7.00. Bulls must break this zone for the token to target its 50‑day moving average near $7.33 and potentially move toward $7.50–$8.00. Open interest remains around $250 million and on‑balance volume shows limited buying pressure, indicating traders are holding positions rather than exiting.

Liquidity maps show a concentration of short liquidations between $6.90 and $7.20, meaning a decisive move above $7 could trigger short squeezes and accelerate a rally. Conversely, a drop below $6.10 may push AVAX back toward the $6.00 support level.