Claim BonusAVAX Price Prediction: Avalanche Price will Set the Stage for 25% Rally if Buyers Break this Key Barrier
AVAX Price Prediction: On April 16th, the Avalanche coin price gave a bullish breakout from a long-coming resistance trendline. This breakout could be an early sign of trend reversal and assist buyers to regain lost ground. As of now, the rising AVAX price will soon hit a multi-month resistance of $21.6 reassessing the buyer commitment to continue the bullish trend.
Key points:
- A high supply zone at $21.6 hints the Avalanche price may tumble 10% before finding significant support
- A potential breakout from $21.6 will make a new higher AVAX price one of the key traits of the bullish trend.
- The intraday trading volume in Avalanche coin is $584.2 Million, indicating a 341% gain.
Source- Tradingview
The Avalanche coin price has witnessed significant growth since last week recording a 20% growth from the $17.5 mark. Amid this recovery, the coin price breached a downsloping trendline which acted as a dynamic resistance to limit bullish growth.
This upside breakout hints at a sentiment shifty among market participants from selling on rallies to buying on price dips. However, the rising AVAX price currently trades at $20.95 and will soon face a high supply zone of $21.6.
Also Read: Top 6 Liquid Staking Platforms On Ethereum
The aforementioned resistance initiated the September 22’ and February 23’ downfall, accentuating the AVAX price will face strong selling pressure. Thus, a potential reversal from the $21.6 may tumble the price by 10% to retest the breached trendline.
Thus, the price sustainability above the trendline will offer buyers a long-entry opportunity, and drive the price 25% higher to poke the $26.35 mark.
Technical Indicators
EMAs: Along with the resistance trendline, the AVAX price also breached the 200-day EMA slope offering an additional confirmation for a trend change.
RSI: The daily RSI slope steadily makes progress into the higher level of the bullish territory offer indicating strong pressure in the market.
Avalanche Coin Price Intraday Levels-
- Spot rate: $20.9
- Trend: Bullish
- Volatility: Low
- Resistance levels: $21.6 and $26.1
- Support levels: $16.3 and $14.3
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Related Articles
- Ethereum Gains Wall Street Adoption as $6T Fidelity Prepares FIDD Stablecoin Launch
- Bitcoin Faces Fresh Geopolitical Risk as Trump Threatens ‘Far Worse’ Military Action Against Iran
- FOMC Meeting Today: What To Expect as Markets Price In No Rate Cut
- Breaking: South Korea Finalizes its Digital Asset Bill Draft Amid Crypto Push
- 8 Best Platforms to Buy Bitcoin ETFs in 2026 – Top Picks Reviewed
- Solana Price Targets $200 as $152B WisdomTree Joins the Ecosystem
- XRP Price Prediction After Ripple Treasury launch
- Shiba Inu Price Outlook As SHIB Burn Rate Explodes 2800% in 24 Hours
- Pi Network Price Prediction as 134M Token Unlock in Jan 2026 Could Mark a New All-Time Low
- Bitcoin Price Outlook as US Dollar Index Hits 4-Year Low, Gold Soars
- Stock Market Today: Nasdaq, Dow, S&P 500 Futures Rise Ahead of Fed Meeting, and Jobless Claims
