Avalanche battles to hold support as AVAX targets $8.65

Avalanche recently experienced a price drop toward the $7 demand zone in late August. Buyers stepped in to defend this area, preventing a deeper slide and keeping the coin relevant for traders looking for a rebound.

For the bulls to regain control, AVAX must sustain its current footing above that $7 mark. If the asset can consolidate here without breaking lower, market participants are eyeing the next significant resistance level at $8.65.

Keeping an eye on this price floor is crucial right now. If the support holds, the path remains open for a potential move toward higher targets. Traders should watch for any signs of volume spikes or sustained buying pressure that could confirm this recovery trend.