---
title: "Price of AVAX near $7.42, 73.9% long, $8.14 target, MACD at 0. Threatening indicators could halt the rally."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297285401.md"
description: "The cryptocurrency AVAX is currently trading at $7.42, with large investors holding 73.9% of long positions. There is significant buying pressure as aggressive traders are actively purchasing at the asking price. However, the MACD histogram has recently dropped to zero, indicating a potential trend reversal. Additionally, the 200-day Simple Moving Average sits at $8.14, posing a resistance level for the price. These conflicting factors suggest a cautious approach towards trading AVAX."
datetime: "2026-08-28T07:45:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297285401.md)
  - [en](https://longbridge.com/en/news/297285401.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297285401.md)
generator: "portal-rs"
---

# Price of AVAX near $7.42, 73.9% long, $8.14 target, MACD at 0. Threatening indicators could halt the rally.

The cryptocurrency AVAX is currently trading at $7.42, with large investors holding 73.9% of long positions. There is significant buying pressure as aggressive traders are actively purchasing at the asking price. However, the MACD histogram has recently dropped to zero, indicating a potential trend reversal. Additionally, the 200-day Simple Moving Average sits at $8.14, posing a resistance level for the price. These conflicting factors suggest a cautious approach towards trading AVAX.

### Related Stocks

- [GAVA.US](https://longbridge.com/en/quote/GAVA.US.md)
- [VAVX.US](https://longbridge.com/en/quote/VAVX.US.md)
- [AVAZ.US](https://longbridge.com/en/quote/AVAZ.US.md)

## Related News & Research

- [Aave founder pitches ‘Uber path’ for DeFi after Clarity Act fails Senate vote](https://longbridge.com/en/news/299214626.md)
- [Avalanche’s UAE PASS deal is a test of institutional adoption — Can it scale?](https://longbridge.com/en/news/299009413.md)
- [Avalanche: Cashlink integrates institutional securities infrastructure - 31 Aug 2026](https://longbridge.com/en/news/297546648.md)
- [Avalanche: Paxos regulated infrastructure goes live for institutional access - 17 Sep 2026](https://longbridge.com/en/news/299349956.md)
- [VanEck Avalanche ETF 3Q 2026: Net income $(3.92M), Revenue $130.8K — 10-Q Summary](https://longbridge.com/en/news/295837922.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**