Avalanche Eyes $35 as Key Resistance After 40% Weekly Surge

$AVAX is back on the radar.

Avalanche (AVAX) surged over 40% last week, rallying from $19 to a high of $26.84 by Monday. This follows a sharp recovery from its 18-month low of $14.66 in early April—marking a 37% rebound before this latest breakout.

AVAX has now officially broken out of a 5-month downtrend, which saw the token retrace roughly 73% from its Q4 2024 high. The recent move was fueled by a broader market rebound and a textbook Cup-and-Handle breakout with a neckline at $23.

According to crypto analyst CW, “the goal is clear now.” With the pattern confirmed and momentum building, AVAX could climb another 30%, targeting the $32–$36 range.

Key Levels to Watch:

• $27: Immediate resistance. A heavy sell wall has formed here, capping recent upside attempts.

• $36: Next major resistance if AVAX breaks $27 cleanly.

• $38.5 and $42.5–$46.5: Upper resistance zones where selling pressure may intensify.

• $20: Key support if a rejection occurs. A fallback to the previous breakout zone remains in play if bulls lose momentum.

AVAX in the Market Cycle:

Analysts highlight AVAX as a “clean mini-cycle” example. Here’s the breakdown:

• ATH of $146 (Nov 2021) → Range established between $20–$130

• Mid-2022: AVAX dipped below range low during market capitulation

• Late 2023: Recaptured the range low — entering the accumulation phase

• Early 2024: Marked the start of Phase 4, leading to this current breakout

The current move suggests AVAX is building momentum toward reclaiming higher levels in its broader macro range.

If momentum holds and bulls break the $27 wall, AVAX may be on track for a full mid-range reclaim—with $35–$38.5 as the next battleground.