Avalanche $AVAX is currently trading around $28.46. Here are the current support and resistance levels:

*Support Levels:*

- *$27.69*: a key support level that could determine the direction of the market

- *$27*: an important support level that traders are watching

- *$25.48*: a critical support level with $23.75 million worth of long positions stacked

*Resistance Levels:*

- *$29.82*: the first major resistance level that $AVAX needs to break to continue its upward trend

- *$32.77*: the next resistance level to watch out for if AVAX breaks above $29.82

- *$34.56*: a significant resistance level that could limit further price increases

- *$34.5*: a key resistance level that AVAX needs to break to extend its rally

- *$40-$42*: a crucial resistance zone that AVAX needs to break through to shift market sentiment

- *$55*: a short-term target for AVAX if it breaks above the multi-year downtrend

Some analysts predict that $AVAX could reach $150 if it breaks through the resistance level above $55 ¹ ². #AVAX