This Avalanche Pattern Points to a Big Breakout Ahead: Key AVAX Price Levels to Watch

TLDR:

  • Avalanche forms W-bottom between $14–$18, signaling potential bullish reversal if key levels are breached.
  • Price trades near $24, facing EMA 50 and EMA 100 resistance in the $25–$30 breakout zone.
  • Analyst targets $45–$50 first, then $66–$75, with $110–$128 possible if momentum holds.
  • Breakdown below $18 would invalidate bullish setup and delay upward trajectory.

Avalanche is starting to turn heads in the crypto market. Price action is compressing against major resistance after weeks of steady accumulation. Market watchers are now zeroing in on a technical setup that could open the door to sharp gains. 

The move hinges on clearing a narrow but heavy resistance zone where moving averages and historical levels align. Traders are keenly watching, knowing that the breakout trigger could spark a run to multiple upside targets.

W-Bottom Structure Signals Strength in Avalanche Price

Crypto analyst Alex Clay shared that Avalanche has been carving a W-bottom pattern on the weekly chart, with strong support between $14 and $18. This base has been tested several times and held firm, pointing to persistent buying interest in that range. 

The price is currently trading around $23.98, just under a confluence of resistance levels.

That cluster includes the EMA 50 and EMA 100, both sitting slightly above the current price in the $25–$30 range. Clay noted that this zone is acting as the key breakout area. Once price clears and holds above it, he believes momentum could turn aggressive.

Volume data backs the setup. Avalanche has been moving between the Point of Control and its accumulation zone for weeks, with higher lows forming along the way. This type of structure often reflects accumulation from larger players before a marked price expansion. 

The weekly pattern now needs confirmation with a decisive close above resistance.

Key Levels Traders Are Watching for the Next AVAX Move

The first upside target sits between $45 and $50, which aligns with a major historical resistance. Clay has flagged this as the likely first distribution zone where some traders may take profit. If momentum stays intact, the next zone falls between $66 and $75.

In a strong macro bullish phase, Avalanche could aim for $110 to $128, a level last seen during its prior major cycle peak. However, this move would require sustained buying pressure and broader market support.

The bullish scenario has a clear invalidation point. A breakdown below $18 would undercut the W-bottom structure and delay any upward trajectory. Until then, traders are keeping their eyes on the $25–$30 breakout band for signals.

Market Outlook for Avalanche in the Coming Weeks

According to CoinGecko data, Avalanche has fallen 4.39% in the last 24 hours but is still up 5.25% over the past week. 

AVAX price on CoinGecko

That short-term pullback has not disrupted the broader accumulation structure. If anything, it has kept the price hovering just under the breakout line, potentially building pressure for the next move.

As Clay’s analysis suggests, the chart is now about timing. The pattern is in place, the levels are clear, and the resistance cluster is defined. For traders, the focus is on whether Avalanche can make the push past $30 in the sessions ahead.

A successful breakout could quickly bring the first target into play.

 

The post This Avalanche Pattern Points to a Big Breakout Ahead: Key AVAX Price Levels to Watch appeared first on Blockonomi.

Source: https://blockonomi.com/this-avalanche-pattern-points-to-a-big-breakout-ahead-key-avax-price-levels-to-watch/