AVAX rallies from support zones, eyeing breakout momentum
Avalanche (AVAX) climbed 5% in the past 24 hours, trading near $25.02, as bulls pushed the token into a key resistance zone. The move reflects renewed strength in altcoin markets, with AVAX defending its recent support levels and attracting fresh buying interest.
On the 4-hour chart, AVAX rebounded strongly from the $23.00–$23.50 demand area, highlighted in green, where buyers consistently stepped in over recent sessions. The recovery has now carried prices back into the $25.00–$25.50 resistance zone, marked by red, which has capped multiple rallies since mid-August.
If bulls manage to secure a breakout above this ceiling, analysts suggest the token could target the $27.00–$28.00 range, unlocking further upside momentum. However, repeated rejections from the $25 area would likely bring AVAX back toward support at $23.50 or even deeper to $22.00, which has acted as a strong base since July.
“AVAX is at a critical inflection point. A sustained close above $25 would signal renewed bullish momentum, while failure here may trap late buyers,” According to BITX technical strategists.
The latest uptick was supported by a rise in trading volumes, suggesting stronger conviction behind the move. Market observers highlight that investors are closely watching altcoins like AVAX as Ethereum scaling and interoperability projects remain in focus.
For traders, the $25 resistance is the line in the sand. Clearing it decisively could open the path to new monthly highs, while a rejection could reinforce the consolidation range that has dominated since August.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.