Avalanche Nears $30 Resistance With Triple Bullish Setup Expected to Trigger Breakout

Avalanche (AVAX) is approaching a pivotal price level near $30, a zone that has historically acted as a major resistance. Technical analysts are observing a convergence of bullish patterns across multiple timeframes, which could set the stage for a significant price breakout. Among the formations, a W-bottom, a cup & handle, and a symmetrical triangle all align at this key level, signaling potential for a sharp upward move [1].

Market analyst Alex Clay on X identified a W-bottom pattern forming between the Point of Control and a key structural zone, indicating a reaccumulation phase that could soon end. He highlighted that a breakout above $26—where the EMA 50 and EMA 100 converge—could trigger a sustained rally with initial price targets at $45–$50 and longer-term goals up to $128 [1]. The $18–$26 supply band has previously rejected AVAX multiple times since 2023, but a confirmed close above this range could signal the start of a new bullish cycle.

Another analyst, BitMonty, noted the development of a cup & handle pattern on the daily chart, formed after AVAX retraced from a high of $26 in early July to $18.50 before beginning a steady climb. He outlined a target range of $28–$32, with increased buyer momentum evident from repeated tests of the level. A breakout from this structure could align with the broader weekly bullish pattern and reinforce the potential for a multi-stage rally [1].

On the weekly chart, Jonathan Carter observed a symmetrical triangle forming between ascending support at $9.20 and descending resistance near $30. The 50-week moving average currently sits at $26.90, just above the current price, reinforcing the significance of the $30 level. Weekly triangle breakouts often precede large price moves, and Carter’s targets include $30, $55, and $120 if the bullish momentum continues [1]. Volume data also suggests heavy activity between $17.50 and $30, emphasizing the strategic importance of this price range.

According to Blockchain News, AVAX is currently trading at $24.69, with a technical setup suggesting the asset could reach $28–$30 within two weeks. Another analysis from the same source projects a 7–10 day target of $27.38, with a successful break above this level opening the door for further gains [2].

While the immediate technical outlook remains bullish, traders are advised to monitor key levels for confirmation. A breakout above $30 could lead to a multi-month upward trend, potentially reaching new all-time highs. Conversely, a failure to break through or a breakdown below critical support could trigger a retracement and delay the broader bullish phase.

The triple bullish setup includes pattern alignment, price momentum, and volume indicators, all currently favoring an upward move. However, investors should remain cautious and watch for bearish reversal signals, especially if AVAX fails to confirm a breakout above $30 without a strong follow-through in volume and price action [2].

As the market nears this critical juncture, broader sector dynamics continue to evolve. Although Avalanche is not directly linked to developments in other parts of the DeFi ecosystem, the overall environment remains optimistic. This sentiment, reflected in the Aave Fear and Greed Index, which currently shows a greed score of 66, may indirectly support AVAX’s upward trajectory [3].

Source:

[1] CryptoFrontNews - [https://cryptofrontnews.com/avalanche-price-nears-30-resistance-will-the-triple-bullish-setup-trigger-a-breakout/](https://cryptofrontnews.com/avalanche-price-nears-30-resistance-will-the-triple-bullish-setup-trigger-a-breakout/)

[2] Blockchain News - [https://blockchain.news/news/20250813-price-prediction-avax-targeting-28-30-range-within-2](https://blockchain.news/news/20250813-price-prediction-avax-targeting-28-30-range-within-2)

[3] Aave CFGI - [https://cf...](https://cf...)