Avalanche (AVAX) Smashes Through Resistance – $22 Target in Sight as Volume Explodes
Avalanche isn’t just knocking—it’s kicking down the door. AVAX’s latest surge isn’t some timid uptick; it’s a full-blown volume spike that’s got traders scrambling. The $22 price target? Suddenly it’s not a question of ‘if’ but ‘when.’
The Resistance Breaker
AVAX didn’t just retest key resistance—it treated it like a speed bump. With trading volume punching above its weight, the token’s primed for a breakout. Forget ‘testing levels’—this is a demand shock in action.
The Trader Frenzy
Watch the order books. That volume spike isn’t retail FOMO (well, not just retail). Institutional desks are circling, and the liquidity crunch could send AVAX parabolic. Just in time for another ‘crypto solves everything’ conference season—how convenient.
Target locked. Trigger pulled. All that’s left is to see if the market’s appetite matches the hype.
- AVAX price jumps 5.27% in 24 hours, trading at $19.27 with rising market cap and volume.
- Retesting long-term downtrend resistance and the 4-hour 200 EMA, signaling a potential trend reversal.
- Breakout above $20 could trigger a rally toward the $22 resistance zone.
- Growing bullish sentiment and ecosystem interest drive renewed investor attention.
Avalanche (AVAX) surged 5.27% over the last 24 hours to trade at $19.27, with rising trading volume and market cap. The price is retesting a long-term resistance zone NEAR the 200 EMA, signaling potential for a breakout toward the $22 level.
AVAX is now changing hands at $19.27, its 24-hour volume being $377.53 million, representing an increase of 60.95%, and its market cap being $8.13 billion, representing an increase of 5.22%, per CoinMarketCap. These statistics reflect growing investor interest and expanding confidence in the Avalanche network.
Bullish Confluence Supports Breakout Potential
Technical indicators suggest the potential for trend reversals, where AVAX is back-testing a long-term downtrending resistance in conjunction with the 4-hour 200 EMA, a moving line that frequently heralds changes in momentum. An emphatic breakout over the same zone can be the foundation for the initiation of a fresh upward rally.
Based on market observations, the price for AVAX is closing in on a critical confluence area where 200 EMA and trendline resistance converge. The confirmation of the candle close above this point WOULD be seen as bullish to validate the end to the ongoing consolidation pattern.
In the past, this confluence zone has served as a key resistance, topping bullish surges. Reversing it to support might pave the way for the chart to shift to the next leg, higher, if aided by ongoing volume gains.
Targeting $22 as Next Resistance
If the price of AVAX convincingly overcome the present technical resistance, the following resistance would materialize in the region of the $20.00–$22.00 resistance zone, historically significant ground that has been both resistance and support in prior cycles of the price.
A successful retest of this area would instill more buying interest, affirming bullish sentiment and potentially catalyzing a continuation to even higher ground. Traders are now awaiting a persistent MOVE above $20 to affirm this change in market structure.
Market Shifts: Altcoins Regain Strength
The recent uptick in AVAX correlates with the larger market rebound in leading altcoins. The return of risk appetite has money flowing back to mid-cap tokens like Avalanche, anticipated to gain during the prospective altcoin season.
The evolving price structure and volume dynamics suggest that AVAX may be entering a new bullish phase, supported by both technical indicators and growing investor interest.
What to Watch Next
Drop below $18 with weakening volume
$20.00, followed by $22.00
$18.50 and 4-hour 200 EMA
Strong candle close above $20 with volume confirmation
This article is based on real-time market data and general technical observations. It does not constitute financial advice. Always conduct your own research before making investment decisions.
