Avalanche's native token AVAX is trading at $9.72, caught between two distinct groups: institutional investors who are accumulating and retail traders who are selling. The divergence has pushed the price into a narrow range, with traders watching key levels for the next move.
Institutions Step In While Retail Steps Out
Data from on-chain and exchange flows shows a clear split. Large wallets linked to institutional investors have been adding to their AVAX positions over the past week, while addresses tied to retail traders have been reducing holdings. The pattern suggests that bigger players see value at current levels, even as smaller holders take profits or cut losses.
The accumulation is notable because it comes without any major protocol announcement or network upgrade. It appears to be a straightforward bet on price, not on a catalyst.
Resistance at $10.05, Support at $9.29
The immediate resistance stands at $10.05. A clean break above that level could push the price to $10.22, according to technical analysis based on recent price action. On the downside, support sits at $9.29. Losing that level would put the bullish case in doubt and could trigger further selling from retail traders who are already exiting.
The zone between $9.29 and $10.05 has been the trading range for much of the past two weeks. Volume has been moderate, but the split between buyer types adds a layer of uncertainty.
What a Breakout Above $10.05 Could Mean
If AVAX manages to clear $10.05, the next target is $10.22. That level represents a recent local high and would confirm that the institutional buying has enough momentum to overcome retail selling. A failure to break through, however, could leave the token stuck in the same range, vulnerable to a drop back toward support.
The market is watching whether the accumulation from larger holders will eventually attract more buyers or if retail selling pressure will keep a lid on the price.
For now, AVAX sits right in the middle at $9.72, with no clear direction until either resistance or support gives way.
