AVAX Poised for a 369% Rally? Analyst Predicts a Surge Beyond $126

• AVAX’s bullish market structure suggests a 369% rally, targeting $126, with a long-term potential beyond $243.
• Higher lows and key breakouts reinforce strong upward momentum, aligning with historical trends and investor confidence.
• Consolidation near $29 signals accumulation before the next surge, with $126 as the key resistance to watch for further gains.

Javon Marks, a well-known market analyst, predicts a price surge for Avalanche (AVAX). His recent analysis suggests a potential 369% rally, pushing AVAX beyond $126. Besides, the price could even extend toward $243, marking a substantial long-term gain. Currently, AVAX trades around $29, showing consolidation after a prior rally. 

Bullish Market Structure Emerging

In the past, the price of AVAX faced decline from the late 2021 period to mid-2022. However, it did not make a higher low around mid-2023, signaling a possible change in trend. At present, the market structure is showing higher highs and higher lows.

Bullish momentum has been strengthened by the breakout from resistance levels. With additional upside potential, the price trajectory points to a gradual climb that targets $176.83. Additionally, the whole trend is positive, with support levels providing a strong foundation for further growth.

Long-Term Price Projections

The long-term price projection extends beyond $243. This aligns with the broader market recovery and growing investor confidence. Besides, the breakout region acts as a launchpad, supporting the possibility of sustained growth. Hence, as long as market conditions remain favorable, AVAX could continue its upward trajectory.

Furthermore, cyclical price behavior supports the likelihood of expansion phases following retracements. The consolidation phase around $29 suggests an accumulation period before the next surge. Additionally, historical trends indicate that measured moves often reach their projected targets, reinforcing bullish expectations.

Key Levels to Watch

The higher low formation remains a crucial pivot for AVAX’s price movement. Besides, the previous breakout region serves as an essential support level. If AVAX maintains bullish momentum, the next key resistance lies near $126. Hence, surpassing this level could open doors to $176.83 and beyond.