Avalanche (AVAX) shows early signs of a potential trend reversal as it eyes a breakout above its 18-month descending channel.
The post Analysts Turn Bullish on Avalanche, AVAX Ready to Explode? appeared first on Coinspeaker. –
Avalanche
AVAX
$21.65
24h volatility:
2.4%
Market cap:
$9.03 B
Vol. 24h:
$343.15 M
, often called the forgotten Layer-1 that lags behind major market moves, is currently trading around $23.14, down roughly 2% in the past 24 hours.
Despite the broader crypto market seeing a major rally this month, AVAX has remained relatively slow. It recorded a small gain of just 4.5% over the past month. The 14-largest cryptocurrency remains confined within an 18-month-long descending channel, signaling persistent bearish pressure.
Analyst Ali Martinez recently noted that investors should watch for a 4-hour close above the $27 level, the mid-boundary of this channel, to confirm bullish strength. Such a breakout could pave the way toward a rally to $43.
#Avalanche $AVAX is currently trading within a descending channel. Wait for a 4-hour close above the mid-boundary near $27 to confirm strength, and a move to $43! pic.twitter.com/SPi03zs2zU
— Ali (@ali_charts) May 28, 2025
AVAX Price Outlook
On the weekly chart, AVAX has recently broken out from a multi-month falling wedge, a historically bullish reversal pattern. This move, emerging from the $17–$19 accumulation range, suggests a potential longer-term trend shift.
Crypto analytics platform, TheCryptera, has laid out bold price targets for AVAX: $41, $52, and $61. Currently, Avalanche boasts a market cap of $9.76 billion.
🔍 #AVAX/USDT Weekly Chart Analysis$AVAX has broken out of a multi-month falling wedge — a classic bullish reversal pattern.
The breakout comes from a strong accumulation zone between $17–$19, signaling a potential trend shift.
Current price: ~$23.46
Buyers are stepping in,… pic.twitter.com/6GLrw31ZlF
— TheCryptera (@theCryptera) May 27, 2025
On the daily chart, AVAX is trading near its mid-Bollinger Band (20-day SMA) at $23.68, which acts as a dynamic resistance. The Bollinger Bands are slightly contracting, hinting at a consolidation phase.
If AVAX can close above the upper band near $25.86, it might indicate renewed bullish momentum. However, a drop below the lower band at $21.50 could trigger further downside.
AVAX price chart with RSI and Bollinger Bands | Source: Trading View
The RSI is suggesting a neutral market sentiment. It neither confirms overbought nor oversold conditions, but an upward push above 60 may indicate bullish strength.
Meanwhile, the MACD indicator is showing a bearish crossover, with the MACD line dipping below the signal line. If the histogram flips deeper into negative territory, it may indicate a short-term downtrend.
AVAX price chart with MACD | Source: Trading View
Traders should closely watch the $27 level for confirmation of strength. Until then, AVAX may continue to trade sideways, waiting for a broader sentiment shift.
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The post Analysts Turn Bullish on Avalanche, AVAX Ready to Explode? appeared first on Coinspeaker.
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