 
 
Avalanche (AVAX) is maintaining a strong uptrend, forming consistent higher highs and higher lows after bouncing off key support.
Market analyst HolderStat acknowledged, “The chart highlights triangles and rising channels that reinforced the uptrend, now targeting the $26.00–$27.00 area. Momentum remains constructive as long as the coin holds above $22.50, with bulls pressing toward the next resistance line. A break of $26.00 could confirm further strength.”
Therefore, AVAX’s momentum stays bullish above $22.50, a key support level for buyers. Holding this line reinforces the uptrend to $27, while a breakdown could shift sentiment and trigger selling pressure.
At the time of this writing, AVAX was trading at the psychological price of $25, representing a 5% increase in the past 24 hours.
Avalanche Consolidates for 212 Days — Is AVAX Primed for Another Breakout?
Market expert CryptoTyconPanda notes that Avalanche is mirroring a past setup that led to an explosive rally.
 
Previously, AVAX consolidated for 147 days before breaking resistance and surging nearly 80%. Now, with a 212-day consolidation in play, the chart signals that history could be preparing to repeat, potentially setting the stage for another major breakout.
In crypto, consolidation marks a standoff between bulls and bears, with price coiling into a tight range before a decisive move. The longer the pause, the stronger the potential breakout.
For AVAX, its prolonged sideways action signals traders are bracing for a catalyst to spark momentum.
Meanwhile, Grayscale has filed with the U.S. Securities and Exchange Commission (SEC) to convert its Avalanche Trust into a spot ETF, aiming for a Nasdaq listing.