TLDR:
- AVAX forms a symmetrical triangle, signaling a possible breakout after months of consolidation.
- Key resistance levels sit at $22 and $24, with strong buying support around $18 and $16.
- AVAX could target $71 if the breakout confirms above $25 with rising volume.
- Trading volume and chart structure indicate investor accumulation near current levels.
Avalanche (AVAX) shows promising signs of breaking out from months of consolidation. The crypto has been trading within a defined range between key support and resistance levels.
Analysts suggest this extended sideways movement could soon give way to upward momentum. Technical patterns indicate the AVAX price has formed a symmetrical triangle formation on the charts. This consolidation phase has lasted several months as buyers and sellers battle for control.Â
The token currently maintains strong support levels while testing upper resistance boundaries. Trading volume has remained relatively stable during this accumulation period.Â
Experts believe these conditions often precede major price movements in crypto markets.
AVAX trades at $21.25, with a 24-hour trading volume reaching $361,467,839 at press time. The token gained 3.73% in the past day but declined 9.82% over the week. This recent performance portrays broader crypto market swings affecting most digital assets.
The cryptocurrency ranks 17th by market capitalization on CoinGecko with substantial trading activity. Despite weekly losses, AVAX has maintained crucial support levels that technical analysts consider bullish. Market participants view the current price range as an attractive accumulation zone for long-term investors.
Critical AVAX Resistance Levels Define Breakout Path
Technical analyst CW identifies two major sell walls that could determine AVAX’s price direction.Â
The first resistance barrier sits at $22, where previous selling pressure concentrated. Breaking through this level would signal the beginning of renewed bullish momentum.
$AVAX Update:
Price has been consolidating between support and resistance for months — and it looks like a breakout is getting closer.
We’re holding support well, so this could be a solid time for accumulation.
Breakout target: $71
pic.twitter.com/HtClsCk8w3
— Solberg Invest (@SolbergInvest) June 3, 2025
The second critical resistance zone appears around $24 based on historical price action analysis. CW explains that clearing these levels would trigger a sustained uptrend. The $22 to $22.50 region shows multiple failed breakout attempts from late May trading sessions.
Chart analysis reveals strong demand zones around $18, $16, and $14 that provide downside protection. These support levels previously attracted buying interest during market corrections.Â
Volume patterns suggest accumulation continues near current price levels.
Avalanche Breakout Target Reaches $71
Investment firm Solberg Invest projects AVAX could reach $71 following a successful breakout from current consolidation patterns.Â
This target represents substantial upside potential from current trading levels. The projection assumes the continuation of the symmetrical triangle pattern resolution.
$AVAX Update:
Price has been consolidating between support and resistance for months — and it looks like a breakout is getting closer.
We’re holding support well, so this could be a solid time for accumulation.
Breakout target: $71
— Solberg Invest (@SolbergInvest) June 3, 2025
Breaking above $25 would reclaim higher highs and confirm trend reversal according to technical analysis principles. Such a move would invalidate short-term bearish pressure that has kept prices contained.Â
Increased trading volume would be necessary to absorb selling pressure at key resistance levels.
Failure to break $22 resistance could see AVAX retest the $19 to $18 support zone where buyers previously emerged. Current consolidation patterns suggest a major move is approaching as the triangle formation nears completion.
Â
The post AVAX Price Analysis: Avalanche Breakout Signals Point to This Next Target appeared first on Blockonomi.
Â
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.