- AVAX jumped 4.2% in 24 hours, peaking at $22.47 before a modest pullback to $22.03.
- Two high-volume breakouts and a V-shaped recovery point to bullish momentum.
- Strong support at $21.53–$21.63 suggests the uptrend remains intact.
Avalanche‘s native token, AVAX, is flashing signs of strength, bouncing from $20.91 to hit a local high of $22.47 before cooling off slightly. That’s a 7.4% intraday swing, and while a minor 1.65% dip followed, the token’s still up 4.2% on the day — outpacing the broader CoinDesk 20 index, which climbed 3.7% in the same timeframe.
The move isn’t just a blip. Analysts are spotting a bullish undertone here, fueled by high-volume breakout bursts and some solid recovery behavior after the dip. AVAX seems to be forming a textbook V-shaped rebound — one of those patterns traders love to see after a sharp correction.
Momentum and Volume Fuel Bullish Case
Two significant high-volume spikes caught attention: a 5% price jump backed by over 1.4 million in volume, and a smaller 2.1% pop driven by 1.8 million — both showing strong interest in the token during upward moves. That’s not just random noise, it’s sustained momentum with real buyer presence.
Strong support zones between $21.53 and $21.63 are holding up well so far. Even after its peak at $22.47, AVAX only dipped to the $21.80 range before bouncing back. This kind of price action — higher lows and continued buying interest — often lays the groundwork for another leg higher.
Trend Watch: Support Holding, Bulls in Control
Zooming in, price action has created a rising channel, with temporary support forming in the $21.80–$21.82 zone. AVAX is now carving out an uptrend, and while things could always get choppy, this structure has bullish energy written all over it.
If volume keeps flowing and support holds, traders could see AVAX testing the $23 level in the near term. But even if that doesn’t happen immediately, the current setup puts the token in a strong technical position.
