AVAX Tests $9.38 Resistance After 8.3% Surge — Breakout or Pullback Ahead?

• AVAX is also trading at $9.16 with a daily gain of 8.3 per cent, but still below $9.38 resistance.

• Strong buyer activity near $8.46 continues to prevent deeper downside extensions.

• A daily close above $9.38 could open room toward $9.50, while rejection risks $8.30.

Avalanche’s native token AVAX continues to trade within a defined daily range, as price action approaches a key resistance level. The AVAX/USDT daily chart shows consolidation between established support and resistance zones. AVAX is now trading at $9.16 and it has increased by 8.3% in the last 24 hours. The two also trade 0.0001381 BTC which indicates a 3.7% increase compared to Bitcoin. But the overall set up on the daily rate is range bound and the purple price is shrinking below overhead resistance.

Daily Chart Shows Tight Consolidation Between $8.46 and $9.38

The daily chart price action indicates that the market is in a horizontal channel, with the ceiling at around $9.38 and the floor around $8.46. It is worth noting that sellers had been protecting the region of $9.50 which is quite close to the given resistance at 9.38. Consequently, the rise was halted whenever the price touched that zone.

$AVAX Range Bound on Daily TimeFrame 👀

AVAX is consolidating and approaching $9.50 resistance on the daily.

Unless price can break and close above the resistance level, we are expecting price to return towards $8.30 support. pic.twitter.com/pMkRi9qVDk

— CryptoPulse (@CryptoPulse_CRU) March 1, 2026

Meanwhile, buyers stepped in repeatedly near $8.46, preventing extended downside continuation. Long lower wicks near the support region indicate strong intraday demand. Consequently, the structure now reflects equilibrium between buyers and sellers within this defined band. The 24-hour range remains contained within these broader levels, reinforcing short-term compression. Therefore, price continues to oscillate between boundaries without establishing a decisive breakout.

Resistance at $9.38 Caps Upside Attempts

As AVAX approaches $9.38, the market faces a clear inflection point. A daily close above this level would invalidate the immediate range structure. However, until that occurs, resistance remains intact.

Recent green candles show recovery strength from the $8.46 support. However, price still trades below the upper boundary. Additionally, the chart shows repeated rejection near the resistance band, which keeps bullish continuation limited.

If buyers manage to push above $9.38 and sustain a close, intraday expansion could follow. Under that scenario, price could test the psychological $9.50 level during today’s session.

Support at $8.46 Defines Downside Risk

Negatively, the main line of defence remains to be the $8.46. Unless price clears at $9.38, selling pressure may re-appear. AVAX, in this instance, can turn back to the support level of $8.46.

The consolidation trend will be broken by a daily closing below $8.46. As such, price may re-enter the base of the wick at around $8.30 that was previously facing demand. Today, the bullish continuation would need a break above $9.38 and a target of $9.50. On the other hand, resistance can lead to price being pushed to $8.46 or $8.30 before buyers react again.