Avalanche Gains 12% Weekly Amid $30 Resistance Push

Avalanche (AVAX) has recently approached the $23.50 level, prompting renewed speculation about its potential to rebound toward the $30 resistance zone. After a period of relative underperformance over the past six months, AVAX has shown signs of gathering momentum, with weekly gains exceeding 12% [1]. This has drawn attention from traders and analysts, who are closely watching key support and resistance levels to gauge the next potential move in the market.

The current price of AVAX remains within the $15 to $25 range, with strong support found in the lower teens [1]. Analysts have noted that if AVAX can successfully break through the $30 resistance, the next major target could be the mid-$30s, representing a significant price increase. This potential breakout has been seen as a critical moment for the asset, especially given its recent upward trajectory and the presence of bullish momentum indicators suggesting buyer strength [1].

The broader market environment will play a key role in determining whether AVAX can sustain its upward movement. While the cryptocurrency has shown resilience amid its recent volatility, a clean break above $30 would be necessary to confirm the strength of the bullish trend. Traders are advised to monitor both volume and price action closely as AVAX approaches these pivotal levels, as confirmation of a sustained breakout could signal a turning point in its price direction.

The discussion around AVAX has reinvigorated interest in the asset, with many viewing it as a potential breakout candidate in the current market climate. As the cryptocurrency nears key technical levels, the market will be watching for signs of follow-through buying and sustained momentum, which could determine whether AVAX continues its climb toward higher resistance levels.

Source: [1] Avalanche Tests $23.50 Level – Will AVAX Rebound Toward $30 Resistance? (https://bitzo.com/2025/08/avalanche-tests-2350-level-will-avax-rebound-toward-30-resistance)