- AVAX trades near 24.8 to 25.9 after a 17 percent decline on the weekly chart.
- Community reactions show mixed views with many calling the pullback a bullish retest.
- Traders are watching closely to see if AVAX can rally toward the 45.06 resistance.
Avalanche’s AVAX token is undergoing a bullish retest near the $24.8–$25.9 range, sparking debate on whether the move signals renewed buying opportunities. A post shared on X by WiseAnalyze asked traders if they were buying into the retest, drawing thousands of views and lively community responses.
Key Levels Under Watch
The AVAX/USDT weekly chart shows price action retreating after testing higher resistance, now revisiting a support band near $24.8–$25.9. This zone is being closely monitored by market participants who see it as pivotal for short-term direction.
Trading volume on Binance was recorded at 172.7 million, underscoring the strong liquidity surrounding AVAX. The chart also shows visible support levels aligned with the retest, highlighted by the volume profile range point of control around $27.2.
While AVAX dropped 17.50% in recent trading sessions, the pullback has been described as a textbook bullish retest by some community members. The correction follows a move higher in September, creating expectations that the $24.8–$25.9 band could serve as a strong floor.
Community Reaction to Retest
WiseAnalyze’s post, captioned “Are you buying $ AVAX on bullish retest?” has garnered significant attention. With more than 4,950 views, the discussion highlighted the diverging views among traders about the current setup.
Some users responded affirmatively, calling the pullback an ideal entry point. One trader replied that the structure was a “textbook retest” and described it as a must-buy. Others confirmed they were actively accumulating AVAX during the dip, noting the alignment of technical levels with market confidence.
The bullish retest narrative drew consistent engagement, with community members pointing out that historical patterns of AVAX rallies often began from similar retests. The confidence expressed in replies underlined how sentiment can shift quickly when technical charts align with investor expectations.
However, while optimism prevailed among certain traders, others stressed caution. The 17.50% decline in a single week highlighted the volatility inherent in the market. Still, the broader consensus suggested that AVAX’s ability to hold near the support zone would be decisive.
Can AVAX Turn Retest Into Rally?
The key question for traders now is whether AVAX can turn this bullish retest into the start of a sustained rally. The chart indicates that if the $24.8–$25.9 support band holds firm, price could attempt a rebound toward higher resistance levels. The next significant barrier sits near $45.06, marked by previous peaks. Such a recovery would signal renewed momentum and could strengthen bullish conviction.
Conversely, if support fails, the chart shows potential downside toward $21.08, a lower level noted on the volume profile. This scenario would challenge the bullish outlook and raise doubts about near-term strength. Traders remain alert to both possibilities as AVAX consolidates around the retest.
Community activity underscores the importance of this moment for Avalanche. Thousands of traders have voiced opinions, with sentiment tilting bullish but tempered by awareness of recent volatility. Market watchers continue to monitor both volume and price structure for confirmation of the next trend.
The weekly chart illustrates that AVAX remains within a broader consolidation pattern, bounded by support and resistance. The resolution of the current retest could determine whether the asset continues sideways or embarks on another rally leg.