# Avalanche (AVAX) Trades at $9.29 as $55 Scenario Faces Resistance By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/38838 Published: 2026-10-23T08:38:38.000Z Updated: 2026-10-23T08:38:38.000Z Section: Investing > Crypto analyst Giannis Andreou tied a potential move toward $15 to AVAX holding between $8.50 and $8.90; a later scenario outlined levels on the way to $55. On Oct. 23, Avalanche traded at $9.29, down 0.21% over 24 hours, with support near $8.90 and a crypto analyst’s $55 scenario facing several resistance levels. The Oct. 23 chart levels put the lower Bollinger Band at $8.90 and marked $8.94 as strong support. Immediate support was $9.12, with a pivot at $9.23 and resistance at $9.41 and $9.53. The live price was between the pivot and the first marked resistance. Several short-term averages sat above the market price. The seven-day simple moving average (SMA) was $9.57 and the 50-day SMA was $9.63. The 12-day exponential moving average (EMA) was $9.77, the 26-day EMA was $9.92 and the 20-day SMA was $10.21. The 200-day SMA was $8.19, below spot. Momentum readings showed no clear reversal signal. The moving average convergence divergence (MACD) line and its signal line both stood at -0.1574, leaving the histogram at zero. The stochastic oscillator read 11.65 for %K and 9.32 for %D, with no bullish crossover. The relative strength index (RSI) was 41.15. Crypto analyst Giannis Andreou made a move toward $15 conditional on AVAX holding support between $8.50 and $8.90 in an Oct. 20 post. In a separate Oct. 22 post, he outlined zones at $10.50 to $12, $13 to $15, $18 to $22, $28 to $35 and $40 to $45 before the $55 endpoint. The posts provided no timetable or probability for reaching those levels. AVAX is Avalanche’s native utility token and is used for transaction fees and staking. The latest setup follows [an earlier AVAX market report]() from Oct. 20, when the token traded at $9.47 after a climb above $10 the previous week faded. ## Links in this article - [an earlier AVAX market report](https://www.tokenpost.com/news/investing/35702)