- AVAX jumped from $17 to $22, breaking a key resistance level and signaling strong bullish momentum, with analysts eyeing targets of $55, $100, and even $150.
- Technical indicators are lining up—RSI is neutral, MACD looks bullish, and rising volume (CVD) shows increasing demand. The funding rate is positive too, suggesting traders are betting on more upside.
- Despite being down 46% from January highs, AVAX is performing well in the WLFI portfolio and continues to gain traction in the DeFi space, hinting at long-term potential if resistance levels keep falling.
Avalanche (AVAX) is starting to make noise again. After sliding for a bit, the token bounced from $17 to $22—not earth-shattering, but definitely a strong enough move to get traders paying attention. Now, the question floating around: is this just a warm-up, or are we on the edge of something way bigger?
Cracking Resistance, One Level at a Time
AVAX recently broke past a key resistance zone, and that 5-point jump? It’s not nothing. That kind of move often sets the stage for more upside, and right now, analysts have some pretty ambitious targets in mind—$55, $100, even $150, if things really take off.
One analyst, CryptooELITES, flagged the breakout as textbook bullish. Why? The chart’s got a nice ascending trendline, a stack of higher lows, and momentum that just won’t quit. The stars are kinda aligning here, at least technically speaking.
Bullish Signals Starting to Stack
The funding rate flipped positive, which usually means long traders are paying the shorts. That’s generally a bullish sign—especially since past AVAX rallies also followed similar spikes in the funding rate.
On the technical side, the 1-day chart shows a falling wedge breakout, a pattern that often leads to upside moves. The RSI’s sitting pretty around 52—not overbought, not oversold. So yeah, there’s room to climb. And the MACD? It’s flashing green too. While the histogram’s got some wobbles, the momentum still leans bullish.
Volume Tells the Story
Then there’s the Cumulative Volume Delta (CVD)—basically a nerdy way to see who’s buying. And it’s rising. Fast. Which tells us demand is climbing, and that could fuel another leg up.
Oh, and market analyst CaptToblerone (yes, really) says we might be looking at a full Elliott Wave pattern playing out. If that pans out, Wave 5 could send AVAX toward a mind-blowing $1,200. Key resistance first though—$150 and $760 are the big ones to watch.
Performance Still Holds Up (Even After a Dip)
Let’s not forget: AVAX is still down 46% from its January 2025 high. But zoom out, and it’s holding up better than most. It’s currently sitting in the World Liberty FI (WLFI) portfolio with $2 million allocated and a tidy $379K profit.
CryptoDiffer chimed in too, highlighting AVAX’s resilience even when the market’s been meh. It’s one of the few Layer 1s still getting traction—between DeFi adoption, strong dev activity, and solid partnerships, it’s earned its spot on the leaderboard.
