Avalanche (AVAX) Eyes Breakout: Can It Hit $126 and Surge Past $200?

• AVAX struggles at resistance after a 500% surge, with volatility shaping its next move.
• A breakout past $126.03 could push AVAX beyond $200 if momentum holds.
• Market trends, investor sentiment, and trading volume will determine AVAX’s next price shift.

Avalanche (AVAX) remains highly volatile, with critical breakout targets influencing its price direction. The cryptocurrency has experienced sharp declines, strong recoveries, and consolidation phases, forming key technical patterns that traders watch closely.

Shifts in Market Structure and Trend Reversals

AVAX initially followed a prolonged downtrend, forming lower highs and lower lows for months. This extended bearish phase pushed the price to a low before it rebounded, forming a higher low that indicates a potential trend reversal.

Following this shift, AVAX surged over 500% from its local bottom, marking a strong recovery. However, resistance at a newly established high limited further gains. After reaching this peak, the asset moved into a consolidation phase, fluctuating within a defined range.

AVAX Price Behavior and Market Levels

Crypto analyst Javon Marks has identified key price levels shaping AVAX’s trajectory. The consolidation phase saw price movements between support and resistance zones, reflecting market indecision. AVAX attempted another breakout, but volatility remained a dominant factor.

Tracking the market behaviour, recent price action shows AVAX trending lower after pulling back from its local high. Consecutive red candles indicate increased selling pressure, bringing the price closer to a key support level. His time frame analysis highlights how past breakout attempts have influenced price reactions at critical points.

Projected Price Targets and Market Outlook

Marks’ analysis points to a breakout target of $126.03, with possible extensions beyond $200 if momentum builds. Historical price trends show strong recoveries following downturns, suggesting the potential for further swings. However, AVAX remains highly responsive to broader market trends and trading activity.

With continued fluctuations, AVAX’s next move depends on how it interacts with support and resistance levels. Price action will be driven by investor sentiment, market conditions, and trading volume. Market watchers note that while past trends suggest recovery potential, price movements remain uncertain, shaped by evolving market dynamics.