- AVAX forms a rising triangle, pushing against $27 resistance with steady higher lows.
- Breakout could lead to 56-70% gains, targeting $41-$45 based on the pattern’s height.
- Volume surge needed to confirm breakout; a drop below $23 would invalidate the setup.
Avalanche (AVAX) is near the $27 resistance, with strong momentum with a rising triangle pattern. As of press AVAX is trading at $28.70, with over 10% in the last 24 hours and and a 12.72% increase in the past 7 days, backed by $1.5 billion in volume,this signals a potential breakout.
Buyers Gaining Ground at Key Resistance
AVAX has tested the $27 resistance several times since April 2025 but hasn’t pushed through yet. However, buyers are stepping in earlier each time, creating higher lows. This pattern, known as a rising triangle, typically signals a buildup of buying momentum.
Currently, AVAX trades around $26.35, pressing hard against this horizontal resistance. Once AVAX breaks past the $27 resistance it could climb to about $41.25, and we might see a short pullback as it tests support before pushing higher.
If the price drops below $23, the bullish setup could fall apart and lead to a bigger pullback .
Weekly Chart Supports Bullish Outlook
AVAX is showing a similar ascending triangle pattern with consistent resistance near $28-$29.The breakout target sits between $42 and $45 which matches what the daily chart is saying. This agreement across different timeframes makes a strong case for a big rally—especially if AVAX breaks the resistance.
Overall, Avalanche looks ready to make a move.Traders are keeping a close eye on the $27 resistance level.If AVAX can break above and hold that zone, we could be looking at a strong push toward the $41 to $45 range.
On September 10th, the market cap showed a steady rise, starting just under $11 billion. Early trading was quiet, with minor ups and downs. However, a sharp surge hit in the late afternoon, pushing the value above $12 billion in a short time.
This strong jump signals increased buying interest or positive developments driving the market. After the spike, the market settled above $12 billion, suggesting traders are holding gains. Overall, the day ended with clear bullish momentum and signs of a potential breakout ahead.
