The Avalanche price remains above a key support zone and breakout area, supported by a blockchain update from POSCO that adds a fundamental catalyst for the AVAX market.

At the time of writing, Avalanche (AVAX) is trading at $7.39, down 2.04% over the past 24 hours. The decline follows a strong rally late in August, leaving the token in a range where recent gains are being tested against overhead resistance.

Why Is Avalanche Price Facing Resistance at $7.80?

On the TradingView daily chart, AVAX is trading above the Bollinger Band middle line at $6.754, while the upper band is positioned at $7.802. The token previously climbed from about $6.37 before pulling back, and the price is now facing clear resistance near $7.80.

A breakout above $7.80 would be constructive for the current price structure. If selling pressure returns, the $7.254 and $6.754 levels would become important support zones, with those levels also helping define whether the recent rally continues to hold.

What Does the Avalanche RSI Suggest?

The 14-day relative strength index (RSI) is 62.20, above its moving average of 56.60. That reading suggests buyers still have control despite the recent pullback, even though the RSI has eased from its recent overbought levels.

The combination of an RSI above 60 and a price above the Bollinger middle band supports a bullish technical setup. However, a drop below $7.254 would weaken that view.

What Role Did POSCO Play in Avalanche’s Recent Move?

Avalanche reported that South Korea’s largest steel company, POSCO, has brought global trade on-chain through blockchain solutions developed with Intain and Olea.

Avalanche described the development as “bringing global trade on-chain,” highlighting the use of blockchain technology in POSCO’s operations and digital trade solutions.

BREAKING: Korea’s largest steelmaker, POSCO, is bringing global trade on-chain, on Avalanche POSCO International supplies some of the world’s largest companies, including Hyundai, Samsung, Kia, Toyota, GM, Ford, LG and more. Together with Intain and Olea, POSCO is harnessing… pic.twitter.com/vwlm1KrNVh — Avalanche🔺 (@avax) August 25, 2026

BREAKING: Korea’s largest steelmaker, POSCO, is bringing global trade on-chain, on Avalanche POSCO International supplies some of the world’s largest companies, including Hyundai, Samsung, Kia, Toyota, GM, Ford, LG and more. Together with Intain and Olea, POSCO is harnessing… pic.twitter.com/vwlm1KrNVh

This development acts as a real-world adoption signal for AVAX, which matters because network usage headlines can help keep trader attention on the asset when technical levels are already in play. It also comes alongside notable growth in open interest, which has surpassed $300 million according to the latest CoinGlass data.

Is AVAX Expected to Move Toward $7.42?

According to CoinCodex, the short-term forecast projects AVAX reaching $7.42 on August 26, representing a 0.44% gain. The same outlook places AVAX at $7.41, $7.40, and $7.40 through August 30.

That forecast suggests only limited near-term upside rather than an immediate breakout.

A move above $7.80 would improve the upside setup. By contrast, a rejection near $7.80 followed by a drop below $7.254 would raise the risk of a deeper pullback toward $6.754.

What Should Market Participants Watch Next?

Avalanche is currently trading between a recent breakout area and a key resistance level. The POSCO update improves the fundamental backdrop, while RSI and Bollinger Band readings still point to some remaining momentum, even though it has recently weakened.

Open interest is another factor to monitor because it can amplify volatility in both directions, especially when price is testing a level like $7.80. Given the persistent swings in crypto markets, traders should follow price action and upcoming catalysts closely.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.