-
AVAX is also trading at $9.16 with a daily gain of 8.3 per cent, but still below $9.38 resistance.
-
Strong buyer activity near $8.46 continues to prevent deeper downside extensions.
-
A daily close above $9.38 could open room toward $9.50, while rejection risks $8.30.
Avalanche’s native token AVAX continues to trade within a defined daily range, as price action approaches a key resistance level. The AVAX/USDT daily chart shows consolidation between established support and resistance zones. AVAX is now trading at $9.16 and it has increased by 8.3% in the last 24 hours. The two also trade 0.0001381 BTC which indicates a 3.7% increase compared to Bitcoin. But the overall set up on the daily rate is range bound and the purple price is shrinking below overhead resistance.
Daily Chart Shows Tight Consolidation Between $8.46 and $9.38
The daily chart price action indicates that the market is in a horizontal channel, with the ceiling at around $9.38 and the floor around $8.46. It is worth noting that sellers had been protecting the region of $9.50 which is quite close to the given resistance at 9.38. Consequently, the rise was halted whenever the price touched that zone.
$AVAX Range Bound on Daily TimeFrame 👀
AVAX is consolidating and approaching $9.50 resistance on the daily.
Unless price can break and close above the resistance level, we are expecting price to return towards $8.30 support. pic.twitter.com/pMkRi9qVDk
— CryptoPulse (@CryptoPulse_CRU) March 1, 2026
Meanwhile, buyers stepped in repeatedly near $8.46, preventing extended downside continuation. Long lower wicks near the support region indicate strong intraday demand. Consequently, the structure now reflects equilibrium between buyers and sellers within this defined band. The 24-hour range remains contained within these broader levels, reinforcing short-term compression. Therefore, price continues to oscillate between boundaries without establishing a decisive breakout.
Resistance at $9.38 Caps Upside Attempts
As AVAX approaches $9.38, the market faces a clear inflection point. A daily close above this level would invalidate the immediate range structure. However, until that occurs, resistance remains intact.
Recent green candles show recovery strength from the $8.46 support. However, price still trades below the upper boundary. Additionally, the chart shows repeated rejection near the resistance band, which keeps bullish continuation limited.
If buyers manage to push above $9.38 and sustain a close, intraday expansion could follow. Under that scenario, price could test the psychological $9.50 level during today’s session.
Support at $8.46 Defines Downside Risk
Negatively, the main line of defence remains to be the $8.46. Unless price clears at $9.38, selling pressure may re-appear. AVAX, in this instance, can turn back to the support level of $8.46.
The consolidation trend will be broken by a daily closing below $8.46. As such, price may re-enter the base of the wick at around $8.30 that was previously facing demand. Today, the bullish continuation would need a break above $9.38 and a target of $9.50. On the other hand, resistance can lead to price being pushed to $8.46 or $8.30 before buyers react again.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Breaks Through $72,000: The Iran–Israel ceasefire boosts risk assets, with $427 million in short positions liquidated, but Polymarket shows disagreement on end-of-year outlook
Bitcoin broke through $72,000 on April 10, mainly due to a fragile ceasefire agreement between the U.S. and Iran that boosted market risk appetite, with funds flowing from safe-haven assets into Bitcoin. Increased institutional inflows and a rebound in Large Investors’ holdings are driving the price higher. Technical analysis shows that the main resistance lies in the $72,200 to $73,500 range. Despite a bullish outlook in the short term, there is still disagreement over forecasts for Bitcoin’s price by year-end, and the risk of a pullback also needs to be watched.
ChainNewsAbmedia11m ago
TAO (Bittensor) down 16.28% over the past 24 hours
Gate News message, on April 10, according to Gate market data, as of the time of publication, TAO (Bittensor) is trading at $269.80, down 16.28% over the past 24 hours. It reached a high of $341.10 and fell to a low of $248.60. The 24-hour trading volume is $14.71 million. The current market cap is approximately $2.59B.
Bittensor is an open-source protocol that supports a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and earn rewards in TAO based on the value of the information they provide to the collective. TAO also enables external access, allowing users to extract information from the network and adjust network activity according to their own needs.
---
Key recent news about TAO:
1️⃣ **
GateNews1h ago
The Strait of Hormuz is open! Iran demands tolls be paid in Bitcoin, and the Persian Gulf still has “big ships”
The Iranian government charges oil tankers a $1 per-barrel toll for passage through the Strait of Hormuz and requires payment in bitcoin to bypass U.S. sanctions. This move has caused extreme volatility in the cryptocurrency market, with bitcoin’s price surging, highlighting the importance of digital assets in geopolitics. Global shipping has been disrupted, Iran and the United States have taken differing positions in ceasefire talks, and financial markets have also roiled in response to this event.
CryptoCity1h ago
Bitcoin sees over 27k options contracts expire! Analyst: Bear market characteristics continue to dominate
According to Greeks.live data, April 10 saw BTC and ETH options expire. For BTC options, the number of contracts was 27,000, the Put/Call Ratio was 0.71, and the maximum pain point was $69,000. For ETH, it was 151,000 contracts, and the Put/Call Ratio was 0.77. The analysis indicates that market characteristics are skewed bearish, and falling implied volatility suggests the market expects less short-term volatility. Despite the recent rebound, internal momentum in the market has not formed, and no clear sentiment shift has been observed.
MarketWhisper1h ago
Fed Minutes Keep Bitcoin Traders Guessing as Iran Risk Clouds the Next Four Weeks
The Federal Reserve's recent minutes revealed mixed signals on potential rate changes, influenced by inflation and geopolitical tensions. Bitcoin's price is currently around $71,000, with analysts divided on its future amid these macroeconomic pressures, relying on factors like the Iran ceasefire and inflation trends.
CryptoNewsFlash2h ago
Liquid Capital founder Yihua Yi: Long-term bullish but must respect market cycles; currently focusing on AI transformation
Liquid Capital founder Yi Lihua analyzed the reasons the market is under pressure during an AMA, emphasizing that the long-term outlook remains bullish on ETH, but that the market cycle and volatility must be respected. He pointed out the importance of AI technology for business transformation and shared his successful experience investing in companies after they adopted AI for transformation.
GateNews3h ago
