AVAX is turning heads after breaking through an important downward trendline, which could mean its price trend is changing direction. Top analyst Crypto_Jobs shared on X, highlighting a 12% increase following a previously identified setup.
The analyst stressed the need to focus on the broader trend rather than short-term fluctuations, pointing to $27.00 and $28.50 as key resistance levels that could determine AVAX’s price next move. With a history of price surges following similar breakouts, AVAX’s trajectory is drawing interest as traders assess whether it can maintain its momentum.
What you'll learn 👉
Avalanche Chart Analysis: Breakout Signals Bullish Potential
AVAX’s price action suggests a trend reversal after successfully breaking a long-term descending trendline. A similar breakout in mid-2021 led to a strong rally, and current chart patterns indicate a comparable setup.
Traders are closely monitoring whether the token can sustain its position above the breakout level, as past movements have shown that holding above key levels often precedes further gains.
The current price structure shows AVAX approaching a major resistance zone at $27.00, a level where selling pressure has emerged in the past. If the price of AVAX remains stable above this threshold, the next test will be at $28.50, which has historically acted as a pivotal point for price direction.
AVAX Resistance Levels Hold the Key
Technical analysis points to $27.00 as the first resistance, with $28.50 serving as the next major hurdle before AVAX’s price can establish a strong upward trend. Traders looking for confirmation of the breakout will watch for sustained buying pressure and an increase in volume.
Historical price patterns suggest that breakouts often lead to retests of previous resistance levels before continuing their trend. If AVAX’s price clears both $27.00 and $28.50, it could set its sights on higher levels seen in previous market cycles.
Read Also: Cardano (ADA) Price Shows Strong Bounce – Is This the Start of a Trend Reversal?
Avalanche Market Outlook and Next Steps
Crypto_Jobs emphasized the importance of analyzing medium-term trends, claiming an accuracy rate of over 80%. This aligns with the idea that short-term price fluctuations may not provide a full picture, and traders are focusing on whether AVAX’s price can hold key levels.
Market participants will be watching for strong volume, continued price action above resistance, and potential consolidation before another move upward. If Avalanche’s price fails to break above $28.50, it may consolidate or retrace before attempting another rally.
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