Avalanche price is back at a familiar spot, right up against a major resistance level that’s proven tough to crack in the past. After weeks of sideways movement, the price is now hovering around the $20 to $22 range. This area has stopped several bullish moves before, and traders are watching closely to see if things will be different this time.
Veteran analyst Crypto Rand pointed out on X that AVAX price is “pushing on the main downtrend resistance” and suggested that a clean break above $20 could be the signal for a trend reversal. That’s the level many are now watching to confirm whether the bulls can finally flip the script.
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Looking at the AVAX chart, a larger picture shows a long downtrend from the start of 2024, when AVAX was at about $60. The price has been in a clear lower highs and lower lows pattern since then. The downward trendline that started forming in February has been turning away each breakout try.
Image Source: X/CryptoRand
Right now, Avalanche price is testing that same trendline again. It’s at around $22, levels where previous rallies faded in April and May. Gaining momentum and both bulls and bears taking positions, the market could be headed towards a climactic move.
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Avalanche Support and Resistance Zones Define the Setup
There are several key support zones on AVAX chart. The $15.50–$17.00 range has held as a base since May, offering buyers some footing.
Below that, the $10.50–$13.00 area is a long-term support area visited many times since 2023. On the upper side, resistance at $21.50–$22.50 overlaps with the declining trendline. A move beyond that level could open the door toward $24–$26, a former support zone turned potential supply.
The nearest resistance is $20–$21.50. From the formation here, a close above this range on a daily basis could reverse the trend and break up the lower-high formation that has dominated price action throughout the year.
Avalanche Price Momentum Hinges on Trendline Break
AVAX breaking out with volume could signal a new cycle in its pricing structure. The next significant levels would be $24–$26, then $29–$30.
But if AVAX price can’t break and falls below $19.50, the sellers will dominate and push the token back towards $17 or lower.
The downtrend line is still the major pivot point at this time. AVAX stands at a technical crossroads, and the next few days will determine its short-term direction.
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The post Avalanche (AVAX) Price Hits Make-or-Break Level – Can It Finally Break Free From the Downtrend? appeared first on CaptainAltcoin.
