Avalanche (AVAX) has been quietly building strength after what looks like a solid bottom. The AVAX price bounced off a long-term trendline that has played a key role over the past few years. After testing this important area, the price rebounded with confidence, signaling that buyers might finally be stepping back in. Now, the focus is shifting to a key zone just overhead. If AVAX can break above it, the path for a bullish rally could open up.
The recent move on the Avalanche chart caught the attention of many traders. One of them is Alex Clay. According to the analyst, the bounce happened right at the descending support and resistance level. This trendline has rejected the price several times before, but this time, AVAX found support there and reversed upward.
On the chart Alex Clay shared, it’s clear how important this level has been. Back in 2022 and 2023, Avalanche struggled to break above it and got rejected multiple times. Now, after bouncing from the same line, the AVAX price is heading toward a horizontal resistance zone between $21.50 and $24.00. Alex Clay believes this zone is the next challenge. If AVAX crosses above it and holds, it could confirm that a bullish reversal is truly underway.
The Avalanche Price Targets To Watch Next
Alex Clay laid out some clear price targets for Avalanche if the bullish momentum continues. Once AVAX breaks and stays above the key zone around $24, the next stop could be $50.40. This level lines up with an earlier area where price consolidated and struggled, so it makes sense as the first major target.
If momentum carries Avalanche beyond that, Alex Clay points to $90.20 as the second target. This area ties in with a major Fibonacci level and also matches a spot where sellers previously stepped in hard. Finally, if the AVAX price manages to break above both those zones, Alex Clay’s ultimate target is $129.90. That would bring Avalanche close to levels seen during its stronger bullish phases, potentially matching the retracement from its all-time highs.
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According to Alex Clay, the price path won’t be a straight line. His projection shows a stair-step move, where AVAX rallies to a target, pulls back briefly, then continues higher. For traders watching Avalanche closely, these levels could help shape their expectations over the coming months.
With the AVAX price holding steady above a crucial trendline and eyeing a return above the key zone, Avalanche could be setting the stage for something big. Alex Clay’s insights give a clear roadmap for what could come next.
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