Avalanche (AVAX) has exhibited significant movement on the market and is trading at $25.07 per token at the moment. In the last 24 hours, AVAX has gained 9.18 percent, demonstrating high interest from investors and traders.
Its 6.80 percent week-over-week gain also lends weight to its recent performance and indicates increasing trust in the token. The market cap of AVAX remains at $10.55 billion aided by a trading volume of $786.03 million on a daily basis. These figures indicate rising activity and investor engagement.
Experts hold the view that AVAX has now reached an important technical phase and has caught the signs of a dramatic trend shift. The breakout from a falling wedge formation on the week chart also validates this change since AVAX now has good upward momentum.
VipRoseTr posted a chart of AVAX/USDT reflecting a declining wedge from mid-2024 and through 2025. This technical formation indicated lower highs and lower lows between contracting trendlines.
The upper trend line began at approximately $60 and the lower trend line at approximately $30. More recently, AVAX crossed above the upper trend line at the $34 level, indicative of a bullish reversal signal.
Analysts watch AVAX resistance levels closely
This breakout occurred at a key support zone, where the price had bounced previously. The recent bullish momentum corresponds to buying activity also reflected in the volume indicator.
Experts are focusing on key targets at $40.38, $49.77, and $60.49. These levels match previous resistance zones where AVAX faced strong rejection.
If AVAX remains above $34 after the breakout, it might keep moving upward toward these targets over the next few weeks. The bullish technical configuration and strong base of support indicate a continued trend.
The long-term strength is confirmed through the breakout as the candlestick chart on the week level supports the growth. Investors now look at Avalanche as a good bet in the cryptocurrency market as a result of the continuing trend and firm market support.
