- AVAX has gained over 8% in the past 24 hours, trading at $21.72 with signs of bullish momentum returning to the market.
- The price is consolidating in a coiling pattern, which often leads to a strong breakout. Analysts suggest AVAX may be on the verge of a major move upward.
- Key resistance levels to watch are $23.46 and $25.12, which have acted as turning points in the past. If those are broken, it could signal the start of a new rally.
Avalanche (AVAX) looks like it’s gearing up for something big. After months of turbulence across the crypto market, things are finally starting to tilt green—and AVAX is riding that wave with quiet confidence. With Bitcoin’s recent move upward, altcoins like AVAX are getting some long-awaited relief, and momentum is starting to pick up again.
At the time of writing, AVAX is trading at $21.72. That’s after an 8.31% jump in the last 24 hours and a weekly gain of 11.68%. Trading volume? Sitting at $406.7 million. Market cap? $9.03 billion. Not too shabby, especially considering the sluggish pace we’ve seen for a while now.
Pressure’s Building for a Breakout
So what’s going on under the hood? Well, while the spotlight stays fixed on Bitcoin (as usual), Avalanche has been quietly tightening up. Price action’s been coiling—slow, steady, and building pressure. That kind of pattern tends to precede big moves, and traders are definitely keeping their eyes peeled.
Despite the recent dip in trading volume, the structure on the chart still leans bullish. No signs of weakness here—just consolidation. It’s like AVAX is holding its breath, waiting for the right moment to exhale. If this breakout pattern plays out, the move could be sharp and fast.
Key Levels to Watch
The current support zone is holding strong, and that’s where bulls are hoping to see AVAX bounce from. If it can stick the landing there, and buying pressure kicks in, the next price targets are $23.46 and $25.12.
Why those levels? They’re not just random—they’ve been key inflection points in AVAX’s recent history. Think of them like checkpoints: places where momentum either died off or caught fire. If AVAX can break through those with conviction, it’s game on.
What’s more, the ongoing low-volume chop could actually be a good sign. Rather than showing weakness, it might be a sign of accumulation—smart money quietly loading up before the next move.
