Avalanche (AVAX) Price Eyes Big Breakout as Bulls Build Momentum
- AVAX consolidating around $30 is seen as a strong accumulation zone.
- Analysts project short-term targets of $50–$55, with a longer-term possibility of $100–$150.
- Rising on-chain metrics, institutional interest, and technical strength point to a bullish outlook.
Avalanche’s native token, AVAX, is creeping back into the spotlight after weeks of consolidation. Sitting comfortably around the $30 mark, the coin seems to be forming a base that traders think could spark the next major push. With price targets ranging anywhere between $50 and $150, the market’s attention is definitely locked in.
AVAX Consolidation Around $30 Looks Like Pre-Breakout
Analyst CryptoPulse noted that Avalanche has been “quietly stacking strength” near the $30 support level. According to him, this zone has been tested multiple times, each bounce attracting fresh buyers. He compared the structure to similar setups seen in early 2024 — just before Avalanche ripped higher.
His chart suggested that once the tightening pattern finally unwinds, a breakout toward $50 in the short term is realistic. Beyond that, if trading volume keeps climbing, Avalanche could push closer to $100. “The selling pressure is drying up,” he said, hinting that bulls are regaining control and patient investors could see rewards soon.
Breaking the Multi-Year Downtrend
Another analyst, EtherNasyon, pointed out that Avalanche has been moving inside a rising channel and is now brushing against a resistance line that dates all the way back to the 2021 peak. If price cracks this multi-year downtrend, it would mark a huge structural shift in favor of the bulls.
His weekly chart showed a massive cup-shaped formation, a classic pattern that usually hints at strong reversals. EtherNasyon believes such a breakout could ignite a rally to $150, especially if accompanied by heavy volume and institutional inflows. He emphasized that as long as Avalanche stays above $28, the bullish setup remains intact.
On-Chain Strength and Institutional Interest
Market strategist Carlitosway took a more fundamental angle, arguing that Avalanche is gaining traction because of utility rather than hype. He noted that the Avalanche Foundation has $250 million lined up to fund new dApps and infrastructure growth.
On-chain data backs this up: bridged TVL has been climbing by about $115 million weekly, while stablecoin supply on Avalanche just crossed $1.85 billion after a 14% weekly increase. DeFi yields are hitting up to 90% APY, and tokenized real-world assets grew 16% last month alone.
Perpetual trading volume also jumped to $21 million per week, while October activity is projected to almost double September’s numbers. To Carlitosway, these are the kind of signs institutions love — steady adoption, sticky liquidity, and real-world traction.
Technical Setup Points to $55 Before Bigger Rally
Meanwhile, Crypto Feras said Avalanche’s recent consolidation looks like it’s wrapping up. With higher lows stacking on the chart, he expects AVAX to aim for a short-term target of $55, which stands as the next big resistance.
He added that if Avalanche breaks out above the $32–$34 range with enough volume, momentum could accelerate quickly, paving the way for bigger moves later on. Supporting this view, decentralized exchange activity hit $4.2 billion in weekly volume, highlighting strong liquidity and engagement from both retail and institutional players.
For now, $55 seems like a realistic first stop. Beyond that, if all the signals line up, Avalanche may just have the fuel it needs to make another run toward triple-digit territory.
The post Avalanche (AVAX) Price Eyes Big Breakout as Bulls Build Momentum first appeared on BlockNews.
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Avalanche (AVAX) Price Eyes Big Breakout as Bulls Build Momentum
- AVAX consolidating around $30 is seen as a strong accumulation zone.
- Analysts project short-term targets of $50–$55, with a longer-term possibility of $100–$150.
- Rising on-chain metrics, institutional interest, and technical strength point to a bullish outlook.
Avalanche’s native token, AVAX, is creeping back into the spotlight after weeks of consolidation. Sitting comfortably around the $30 mark, the coin seems to be forming a base that traders think could spark the next major push. With price targets ranging anywhere between $50 and $150, the market’s attention is definitely locked in.
AVAX Consolidation Around $30 Looks Like Pre-Breakout
Analyst CryptoPulse noted that Avalanche has been “quietly stacking strength” near the $30 support level. According to him, this zone has been tested multiple times, each bounce attracting fresh buyers. He compared the structure to similar setups seen in early 2024 — just before Avalanche ripped higher.
His chart suggested that once the tightening pattern finally unwinds, a breakout toward $50 in the short term is realistic. Beyond that, if trading volume keeps climbing, Avalanche could push closer to $100. “The selling pressure is drying up,” he said, hinting that bulls are regaining control and patient investors could see rewards soon.
Breaking the Multi-Year Downtrend
Another analyst, EtherNasyon, pointed out that Avalanche has been moving inside a rising channel and is now brushing against a resistance line that dates all the way back to the 2021 peak. If price cracks this multi-year downtrend, it would mark a huge structural shift in favor of the bulls.
His weekly chart showed a massive cup-shaped formation, a classic pattern that usually hints at strong reversals. EtherNasyon believes such a breakout could ignite a rally to $150, especially if accompanied by heavy volume and institutional inflows. He emphasized that as long as Avalanche stays above $28, the bullish setup remains intact.
On-Chain Strength and Institutional Interest
Market strategist Carlitosway took a more fundamental angle, arguing that Avalanche is gaining traction because of utility rather than hype. He noted that the Avalanche Foundation has $250 million lined up to fund new dApps and infrastructure growth.
On-chain data backs this up: bridged TVL has been climbing by about $115 million weekly, while stablecoin supply on Avalanche just crossed $1.85 billion after a 14% weekly increase. DeFi yields are hitting up to 90% APY, and tokenized real-world assets grew 16% last month alone.
Perpetual trading volume also jumped to $21 million per week, while October activity is projected to almost double September’s numbers. To Carlitosway, these are the kind of signs institutions love — steady adoption, sticky liquidity, and real-world traction.
Technical Setup Points to $55 Before Bigger Rally
Meanwhile, Crypto Feras said Avalanche’s recent consolidation looks like it’s wrapping up. With higher lows stacking on the chart, he expects AVAX to aim for a short-term target of $55, which stands as the next big resistance.
He added that if Avalanche breaks out above the $32–$34 range with enough volume, momentum could accelerate quickly, paving the way for bigger moves later on. Supporting this view, decentralized exchange activity hit $4.2 billion in weekly volume, highlighting strong liquidity and engagement from both retail and institutional players.
For now, $55 seems like a realistic first stop. Beyond that, if all the signals line up, Avalanche may just have the fuel it needs to make another run toward triple-digit territory.
The post Avalanche (AVAX) Price Eyes Big Breakout as Bulls Build Momentum first appeared on BlockNews.
Читать больше
VeChain Market Cap Falls to 78th: Can VET Recover Soon?