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Avalanche (AVAX) Poised for Breakout As Price Strengthens After 10% Weekly Gain
Avalanche (AVAX) is converging on the support level of $25.74 and the resistance of $27.28 following a 10% increase last week.
Technical projections show an anticipated 56% break out which could help AVAX to climb to the 43 level.
The momentum indicators have been balanced indicating that the trading sessions ahead will be decisive in the direction of the market.
Avalanche (AVAX) is showing impressive build-up of market activity as the token continues to consolidate against a pivotal range. The asset is trading at $27.43, which marks a 10.0% week-to-date increase. Most importantly, AVAX has maintained support at $25.74 as it continued to test resistance levels at $27.28. This type of price action signals a tightening formation that may be setting the stage for a bigger move once above resistance levels
Experts tracking the trend today are anticipating a break of between 70% and 75% in the event of a bullish continuation, placing this technical setup among the most closely monitored among top-ranked altcoins. AVAX has produced steady growth every week with a 10.0% increase.
The day-to-day range was narrow and the day lows of $25.74 were in line with its support level and the day highs of $27.28 were in resistance. This structure has strengthened an accumulation zone which traders are keeping a close watch. Importantly, this limit has been observed within the market in the last seven days, with the further support to the current consolidation.
AVAX Approaches Breakout Point as Ascending Support Converges With Resistance
The chart structure reveals an ascending support line gradually pressing toward resistance. This convergence has created conditions favorable for a potential breakout. Technical projections suggest that once the $27.28 ceiling is breached, AVAX could accelerate toward higher levels. The outlined target range on the chart points to a move of nearly 56%, lifting the token toward $43. Notably, this projected path aligns with the long-term recovery attempts visible since early summer, reinforcing the importance of current levels.
Balanced Momentum Defines AVAX as Key Levels Come Into Focus
With AVAX positioned at the edge of its resistance zone, momentum indicators now appear balanced, neither overbought nor oversold. This equilibrium underlines the importance of upcoming trading sessions, particularly if volume expands. The market response around $27.28 will determine whether accumulation translates into sustained strength
Furthermore, traders are monitoring the $25.74 support, as maintaining that level ensures the structure remains valid. The combination of stable support and tightening resistance has therefore created a focal point for short-term market direction.