Avalanche is consolidating near $6.47 after a 1.33% daily gain, even as trading volume eased 7%. The Avalanche Foundation's Helicon upgrade has gone live on the Fuji Testnet, but AVAX still trades below the $6.90-$7.10 zone that has capped rallies since early July.
Avalanche is trading around $6.47 after a rise of 1.33%. Trading volume decreased marginally by 7% over the same period. The move comes as the Avalanche Foundation confirmed that its Helicon upgrade has gone live on the Fuji Testnet, another step in the network's roadmap.
Helicon Upgrade Goes Live on Fuji Testnet
The upgrade is powered by six Avalanche Community Proposals approved through community governance, reflecting the network's decentralized approach to protocol development. The Foundation has not yet announced a mainnet deployment date, though the Fuji Testnet rollout lets developers and validators test the new features before a wider release.
AVAX Holds Above $6.20 Support in an Ascending Channel
AVAX was trading at $6.46 at the time of writing, continuing to consolidate within an ascending channel after recovering from its June lows.
Price is holding above a bullish order block between $6.20 and $6.50, where buyers have repeatedly stepped in over recent weeks. A breakdown below $6.20 would invalidate the bullish setup and could expose the token to the psychological $6.00 level, followed by the June low near $5.60. Meanwhile, the Relative Strength Index stands at 46.56, slightly below the neutral 50 level, indicating buying momentum is improving from June's oversold conditions but has yet to confirm a sustained reversal.
Resistance at $6.90-$7.10 Stands Between AVAX and $9.00
On the upside, AVAX faces resistance within a bearish order block between $6.90 and $7.10, a supply zone that has capped multiple recovery attempts since early July. A decisive daily close above $7.10 would invalidate the bearish order block and strengthen the case for a rally toward the next major supply zone around $9.00.
Avalanche's improving fundamentals include 41.5% staking participation, but the token must first clear the $6.90-$7.10 zone and reclaim the $9.00 supply area before a move toward the psychological $10 target becomes realistic.
Source: Coinpedia Fintech News
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