- AVAX tests $24.63 resistance after bouncing from $14.50–$19.50 weekly support range.
- Price sits within a symmetrical triangle pattern since 2021, approaching the 50-week MA resistance at $26.90.
- Market cap rises from $5.5B in April 2025 to $9.5B in August, confirming bullish sentiment and capital inflow.
Avalanche (AVAX) is building a breakout case as price rebounds from a multi-year support zone. With market cap climbing 70% since April and key indicators turning bullish, the stage may be set for a rally toward $55 and beyond
AVAX Forms Strong Base Above $14.50, Targets Higher Levels
Since late 2021, AVAX/USDT has traded within a long-term symmetrical triangle. The descending resistance connects lower highs from November 2021. The ascending support line, active since mid-2022, has held across four major market lows.
Price recently bounced off this support in June 2025, reclaiming levels above $23.00 by August. A rounded double bottom pattern has also formed from March to July 2025 in the $14.50–$19.50 zone. This structure reflects consistent buying interest and accumulation near historical support.
As of press, AVAX trades at $24.43, just below the 50-week simple moving average (SMA) at $26.90. The $24.63 zone marks a critical resistance level. Holding above this level may open the path to $30.00, followed by $35.46 and $55.00.
RSI, MACD, and Volume Indicate Strength
The RSI on the weekly timeframe holds above 50, signaling neutral to bullish momentum. MACD has flipped positive, with the MACD line crossing above the signal line, showing trend reversal potential.
Volume has increased during upward moves, especially after June’s bounce. On-chain metrics such as OBV (On-Balance Volume) remain neutral, but show improvement near resistance. The Stochastic Oscillator nears overbought levels, indicating a possible pause or brief pullback.
Market structure remains bullish with higher lows forming consistently since April. Price continues to respect the triangle support, and repeated failed breakdowns confirm strong buying interest.
Market Cap Shows Rise in Action
CoinMarketCap data shows AVAX’s market cap rose from $5.5B in April to $9.5B in August 2025. This 70% increase aligns with price recovery and double bottom formation.
Earlier, from November 2024 to January 2025, market cap surged past $10B during AVAX’s parabolic rally. After retracement, capital inflow resumed by May, forming higher lows. Momentum now supports a potential breakout toward $55 and beyond.
