Avalanche (AVAX) just reclaimed a key level on the chart, and that’s got traders paying attention again. After spending weeks stuck near the bottom of its range, AVAX price is now back above $20, a price zone that’s often acted as a turning point in the past.
At writing, Avalanche is trading at $21.39. With the token holding this level for now, many are watching to see if it can build enough momentum to push higher.
Crypto expert Ali summed it up in a post on X:
“Avalanche $AVAX must hold above $20 to keep the uptrend intact and aim for the channel’s upper boundary at $26!”
That’s exactly what traders are hoping for right now. If AVAX price can stay above this mid-range level, it might just be gearing up for a breakout toward the top of its long-term channel.
What you'll learn 👉
AVAX Breaks Mid-Range Resistance
The 4H chart of AVAX reveals a well-defined horizontal channel that has contained price movements since March.
The structure includes resistance near $26.00, mid-range support around $20.00–$21.00, and a lower boundary near $16.00. After a sharp drop to the bottom of the range in early July, AVAX price began to rebound, climbing steadily to the midpoint of the channel.
The token trades around $21.39, having reclaimed the $20 level. This middle-level region has, in the past, served both as resistance and support, and current price action has firmly established it as a short-term pivot point. Provided AVAX price holds here, analysts view the following target of reason to be the top of the channel at around $26.00.
The market is now focused on whether the $20 zone holds during this retest. Previous attempts to sustain rallies above this level have failed, leading to reversals toward the $18–$16 range.
Read Also: GPT Predicts Whether PEPE Can Flip Shiba Inu in 2025
Momentum Builds After Avalanche Price Recovery From $16 Support
AVAX latest move follows a strong bounce from the lower channel support around $16.00, where price found demand during multiple sessions in April, June, and early July. That zone has acted as a reliable foundation for buyers, halting deeper corrections.
The recent recovery saw a shift in sentiment, with bullish intent confirmed by the breakout above $20. But the pullback is taking place now as the market retests this breakout level once again. The traders are searching for either a consolidation or a solid rejection, which can decide whether the rally has more room to go ahead.
A clean move above $22.00 would likely signal continuation toward the $26 level for Avalanche price. On the other hand, a fall below $19.50 may reintroduce bearish pressure, increasing the probability of a revisit to lower support areas.
Read Also: XRP Just Saw Its First-Ever $1B+ Net Inflow in a Single Hour – And Korea Might Be the Reason Why
AVAX Price Behavior Supports Reversal Outlook
The structure on the chart suggests a transition from range-bound weakness to a potential uptrend. Holding above $20 would mark the first higher low since mid-June and reinforce the shift in bias toward the bulls.
The horizontal channel remains in effect, but current positioning shows AVAX price at a pivot point. The next 48 hours can make or break if the asset goes higher into the top band or stumbles once again. The action is being observed by traders for clues of broader market sentiment and rotation within the altcoin universe.
While short-term risks remain, reclaiming $20 has placed AVAX in a more favorable technical position. Market participants now await confirmation of momentum before targeting the $26 region.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
