Avalanche's native token, AVAX, is trading at $10.09 and approaching a key technical barrier at $10.42. A clean break above that level could clear a path toward targets above $12. But persistent selling pressure beneath the surface is threatening to cap any near-term rally.
Resistance at $10.42
The $10.42 mark has become the immediate focus for traders. It's a resistance level that has held in recent sessions. If buyers can push the price decisively above it, the next major zone lies above $12. That would represent a roughly 20% gain from current levels.
Selling pressure beneath the surface
Despite the proximity to a breakout, there is underlying selling pressure that could undermine upward momentum. The nature of that pressure — whether it stems from profit-taking, short positioning, or broader market weakness — remains unclear. But it's enough to make the move above $10.42 anything but certain.
Price targets above $12
Traders who are bullish point to the zone above $12 as the next logical target if resistance breaks. The move would require sustained buying volume and a shift in the current supply-demand dynamic. Without that, the token could stall or reverse.
The question now is whether the selling pressure will fade or intensify as the price tests $10.42. That answer may come in the next few trading sessions.
