Reason to trust
Strict editorial policy that focuses on precision, relevance and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reports and publications
Strict editorial policy that focuses on precision, relevance and impartiality
Leon football price and some soft players. Each Arcu Lorem, Ultrices any child or ullamcorper football hate.
This article is also available in Spanish.
After recovering a crucial level during the past week, Avalanche (Avax) faces resistance near the $ 27 brand. Some analysts have suggested that claiming this area could start a rally towards the next key resistance levels.
Related reading
Avalanche is directed $ 32 resistance
Avalanche has seen an increase of almost 40% during the past week, jumping from the $ 19 brand to a maximum of three months of $ 26.84 on Monday. The cryptocurrency reached a minimum of 18 months of $ 14.66 during the retouches in the beginning of April, but recovered about 37% before its recent rupture.
In the midst of market recovery, Avax has left its five -month bearish trend, which saw that the cryptocurrency retreated more than 73% since its maximum of the fourth quarter of 2024. In addition, Avalanche formed a cup and handling pattern of 2 months, with the neckline in the $ 23 resistance.
The AltCryptogems Sjuul analyst said that the formation had a “super clean” objective and was “in confluence with the next level of resistance”, to around the $ 32. This area, lost in early February, was an area of ​​resistance and crucial support before the rally of the fourth quarter of 2024 and the shakes of the market Q1 2025.
After the breakdown of the neckline and claim this level during the weekend, the analyst said that the objective “is clear now.” As such, Avalanche could probably see another 30% rally towards the $ 32 brand.
Meanwhile, analyst CW outstanding That AVAX has a key sale wall near the level of $ 27, where it has faced resistance in recent days. However, if you cross this barrier, it could increase the level of $ 36 before facing the next sales wall near the $ 38.5 area.
Another wall between the levels of $ 42.5- $ 46.5 is advanced. On the contrary, if the cryptocurrency is rejected from the first resistance, the price could visit the levels of rupture and the line of bearish trend around the $ 20 brand, with a sales wall underneath that it could serve as support.
Will Avax repeat the BTC and Sol Play Book?
Crypto Amsterdam Suggested That many Altcoins, including Avalanche, are forming a configuration seen in the Bitcoin (BTC) and Solana (Sol) lists. According to the analyst, the configuration follows a macro range, divided into five cycle stages.
The first stage, established during the upward market, sees a cryptocurrency movement quickly towards the maximums, establishing the upper limit of the range. During the second phase, at the beginning of the Bear market, the prices of the Token register “minimum and maximum lower” towards the low of the range before moving on to the third stage, the accumulation phase. At this stage, cryptocurrency records a deviation below the minimum range.
The fourth stage sees that the cryptocurrency records its first highest maximum and claims the minimums of rank again. Finally, the cryptocurrency moves towards the top of the last cycle during the fifth stage, breaking the maximum range after recovering the middle zone.
Crypto Amsterdam explained that Avax’s table is “another example of a super clean mini.” After reaching its historical maximum (ATH) of $ 146 in November 2021, Avalanche established its range between the levels of $ 20- $ 130, falling below the minimum range in mid-2022.
The cryptocurrency recovered the low range at the end of 2023, ending the third stage and entering the fourth during the rally of early 2024. Since then, it has re -analyzed the minimum range after its deviation, recovering this level during the break last week.
Related reading
If Avalanche continues to follow this configuration, you must recover the average range, around the $ 75 mark, to increase the upper limit and potentially reach a new ATH. However, the analyst also suggested that falling below the local background would invalidate the configuration.
Prominent image of Unspash.com, TrainingView.com box
