Major cryptocurrency Avalanche (AVAX) is showcasing strong weekly growth of 20% as it fortifies around the $25 price level. The layer-1 blockchain protocol is known for its popularity among investors in deep bullish territory during the 2020-2021 bull market. While the cryptocurrency’s performance has been quite subdued so far during the current 2024-2025 cycle, traders can expect fireworks if the right conditions present themselves.
AVAX Price Breakout Confirmed
Popular crypto analyst Ted on X (formerly Twitter) has stated that AVAX’s price breakout has actually occurred, and potential targets for the digital currency are currently anywhere between $32 and $35. He shared this graph to illustrate his point:
AVAX is following the lead of the larger cryptocurrency market, especially the altcoins, many of which have experienced double-digit growth during the last week or so. The total market cap added a massive $300 billion to its coffers, with a 25% increase in its net value during this time. The secondary cryptocurrency market has been responding to Bitcoin’s recent surge, which has resulted in the premier digital currency’s valuation exceeding $2.3 trillion.
This steady increase in AVAX’s value aligns with a broader resurgence in DeFi activity. The Total Value Locked (TVL) within the native protocols, measured in native AVAX tokens, has seen a significant jump. Data from DeFiLlama indicates that TVL has nearly doubled, rising from 37 million AVAX in early 2025 to approximately 76.4 million AVAX. This represents a significant increase in on-chain activity that can galvanize the bullish cause.
The Future
According to Ted, the price breakout has already occurred. However, in reality, it is still a work-in-progress as the true change in trend will happen when the AVAX cryptocurrency overcomes the $145 ATH set way back in November 2021 (the peak of the previous bull market). If a digital asset cannot overcome its previous ATH during a subsequent bull market, it is considered to be in decline.
 
The journey from the current valuation of $25 to $145 is a big one that will require the crypto to post more than 580% price appreciation. The actual “bull phase” in reality will start after the previous colossal ATH has been scaled. The AVAX bulls have their work cut out for them, and it remains to be seen if they can capture that 2021 essence once again.
Source: https://zycrypto.com/avalanche-avax-price-breakout-is-underway-35-price-target-confirmed/