Avalanche Price Prediction: AVAX Finally Breaks Key Resistance After 8 Rejections
- AVAX price broke above $26.60 resistance after eight rejections, trading near $26.75.
- A confirmed breakout could fuel a 20% rally toward $32, but weak ADX hints at possible failure.
- On-chain inflows suggest profit-taking, but derivatives data shows bulls dominating with heavy long positions.
After months of frustration and failed attempts, Avalanche (AVAX) has finally pushed past its long-standing resistance level, hinting at a possible reversal. The token climbed 4.5% in the past 24 hours and now trades near $26.75, with trading interest heating up fast.
Data from CoinMarketCap showed a 50% spike in 24-hour trading volume, signaling fresh demand and rising market participation. With both price and volume moving in sync, momentum looks to be building for AVAX.
Avalanche Technical Analysis: Breakout Above $26.60 Opens New Targets
According to AMBCrypto’s chart analysis, AVAX’s daily candle broke above the $26.60 resistance level—after eight straight rejections since January 2025. This breakout could be the first real signal of a shift in trend.
Still, confirmation depends on whether the daily close holds above $26.75. If it does, analysts see room for a 20% rally, potentially pushing price toward $32. If it fails, history could repeat, with another rejection dragging AVAX lower.
The Average Directional Index (ADX) currently sits at 15, showing the trend is still weak. Breakouts that occur under weak ADX readings often struggle, so traders are watching closely to see if momentum sticks.
Avalanche On-Chain Data Shows Mixed Signals
While bulls cheer the breakout, on-chain data suggests caution. Analytics platform CoinGlass revealed that $4.86 million worth of AVAX flowed into exchanges in the past 24 hours. Rising exchange inflows often mean investors are booking profits or preparing to sell, which could slow down upside momentum.
At the same time, trader behavior points in the opposite direction. Derivatives data shows heavy long positioning, with most market participants betting on higher prices despite the inflows.
Avalanche Liquidation Levels Show Bulls in Control
CoinGlass data also highlights key liquidation levels. On the downside, $25.48 is the critical support, while resistance sits at $27.36. At these levels, traders have stacked $23.75 million worth of long positions compared to just $6.87 million in shorts.
That imbalance suggests bulls are firmly in control of the current trend. If the breakout holds, AVAX could be gearing up for its first sustained rally in months.
The post Avalanche Price Prediction: AVAX Finally Breaks Key Resistance After 8 Rejections first appeared on BlockNews.
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Avalanche Price Prediction: AVAX Finally Breaks Key Resistance After 8 Rejections
- AVAX price broke above $26.60 resistance after eight rejections, trading near $26.75.
- A confirmed breakout could fuel a 20% rally toward $32, but weak ADX hints at possible failure.
- On-chain inflows suggest profit-taking, but derivatives data shows bulls dominating with heavy long positions.
After months of frustration and failed attempts, Avalanche (AVAX) has finally pushed past its long-standing resistance level, hinting at a possible reversal. The token climbed 4.5% in the past 24 hours and now trades near $26.75, with trading interest heating up fast.
Data from CoinMarketCap showed a 50% spike in 24-hour trading volume, signaling fresh demand and rising market participation. With both price and volume moving in sync, momentum looks to be building for AVAX.
Avalanche Technical Analysis: Breakout Above $26.60 Opens New Targets
According to AMBCrypto’s chart analysis, AVAX’s daily candle broke above the $26.60 resistance level—after eight straight rejections since January 2025. This breakout could be the first real signal of a shift in trend.
Still, confirmation depends on whether the daily close holds above $26.75. If it does, analysts see room for a 20% rally, potentially pushing price toward $32. If it fails, history could repeat, with another rejection dragging AVAX lower.
The Average Directional Index (ADX) currently sits at 15, showing the trend is still weak. Breakouts that occur under weak ADX readings often struggle, so traders are watching closely to see if momentum sticks.
Avalanche On-Chain Data Shows Mixed Signals
While bulls cheer the breakout, on-chain data suggests caution. Analytics platform CoinGlass revealed that $4.86 million worth of AVAX flowed into exchanges in the past 24 hours. Rising exchange inflows often mean investors are booking profits or preparing to sell, which could slow down upside momentum.
At the same time, trader behavior points in the opposite direction. Derivatives data shows heavy long positioning, with most market participants betting on higher prices despite the inflows.
Avalanche Liquidation Levels Show Bulls in Control
CoinGlass data also highlights key liquidation levels. On the downside, $25.48 is the critical support, while resistance sits at $27.36. At these levels, traders have stacked $23.75 million worth of long positions compared to just $6.87 million in shorts.
That imbalance suggests bulls are firmly in control of the current trend. If the breakout holds, AVAX could be gearing up for its first sustained rally in months.
The post Avalanche Price Prediction: AVAX Finally Breaks Key Resistance After 8 Rejections first appeared on BlockNews.
Read More