AVAX is seemingly preparing to make a major move. Weeks of sluggish, sideways action have at last led to AVAX once more looking powerful, and several veteran analysts think the next breakout is close.
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AVAX Finds Solid Support
Analyst Roma Spelvin pointed out something interesting, AVAX broke out of its range and has already retested the green support line twice. That’s a strong signal that the market is now treating that level as solid support rather than resistance.
In other words, Avalanche is building a base. As long as it holds above this area, the trend remains healthy. The chart also shows AVAX price still moving inside a rising channel that’s been in play since the summer, which means the broader uptrend hasn’t been broken.
AVAX Compression Building – Breakout Getting Closer
According to Four Cryptospaces, AVAX price is currently tightening up inside a symmetrical triangle on the daily chart.
The price is in the process of consolidating between higher highs and lower highs, a pattern that generally leads to a powerful breakout, and given that the prior trend was bullish, the probability for an up move is likely.
Each time the price reached the diagonal support (in August, September, and now October), quick buyers appeared. That is indicative of strong demand whenever AVAX drops.
The market is also quieting down, volatility is dropping, which usually signifies that traders are waiting for confirmation before they enter.
If AVAX price manages to break above the triangle’s resistance, the next big target sits around $38, which matches previous highs. From current prices near $28, that’s roughly a 30%-35% upside.
Bigger Picture Still Bullish for AVAX
Zooming out to the weekly chart, AVAX still looks strong. It’s been forming higher lows inside a rising channel, and the recent breakout above its long-term resistance line looks clean.
The token is now retesting that breakout zone, which is exactly what bulls want to see before the next leg higher.
The $24-$26 area remains the key demand zone to watch. If Avalanche price stays above it, the structure stays bullish. The next big resistance is around $40, and breaking that could easily open a path toward $50+ in the coming months.
Read Also: Avalanche Treasury Seals $675M Deal, But AVAX Price Stays Flat
Outlook for Avalanche
Avalanche is quietly setting up for something big. The price is tightening, support is strong, and the structure looks healthy across all timeframes.
If bulls manage to push AVAX price above $30, the door to $38, and possibly much higher, could open fast.
The setup looks clean, and with momentum starting to build again, Avalanche might be one of Q4’s next breakout stories.
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