Key Insights:
- Analysts focus on AVAX’s resistance levels, with key targets at $21 and $25 for a potential breakout.
- A Double Bottom pattern indicates AVAX’s bullish reversal, signaling strong upward momentum.
- Support at $19.42 remains critical to assess the strength of AVAX’s current bullish trend.
Avalanche (AVAX) has rallied 21.4% in the past week, pushing past the $20 barrier with growing momentum. As of Apr. 12, AVAX traded at $20.24, up 2.26% in the past 24 hours, following bullish continuation from recent lows.
The move comes amid increased volume and structural improvement in price action, suggesting that buyers are reclaiming control. But key resistance levels—especially between $21 and $25—could determine whether this rally evolves into a broader market reversal.
AVAX Price Facing Resistance at $21, $23, and $25 Levels
Crypto Rand, a well-known analyst on X, has pointed out that AVAX is approaching multiple layers of resistance. The price is moving within a descending channel, and the diagonal resistance line has repeatedly rejected price movements above it. This resistance has been particularly evident in the $23, $47, and $55 ranges.
With AVAX pushing higher, the $21 level is emerging as a key threshold. A break above this could trigger a more sustained bullish rally, confirming a potential reversal of the downtrend.
Crypto Rand emphasized that the market is testing the confluence of resistances, which could act as a barrier for further price growth. The $25 level stands as a particularly crucial point to watch.
If AVAX is capable of attaining this level, it will cause the market sentiment to turn from bearish to bullish. This resistance is compounded by previous price highs and the ongoing descending trendline.
Double Bottom at $15 Confirms Mid-Term Reversal Structure
There was also another interesting view, where an analyst known as AMCrypto, noted that in early March and April 2025, there was a Double Bottom pattern on AVAX chart. This classic reversal pattern, with lows around $15.00 to $15.40, signals that the downtrend may have reached its end, with the price preparing for a potential trend reversal.
As price approaches the $24–$25 neckline of the Double Bottom, confirmation of breakout from this pattern could bring acceleration toward $30 and higher.
This pattern’s reliability increases as volume builds near the neckline, and as AVAX reclaims levels like $20 with conviction, traders may interpret this as the formation of a sustainable uptrend.
Bullish Sentiment Grows as AVAX Price Moves Toward $23
In addition, other analysts, such as Nave.eth, have noted that AVAX has reclaimed the important $20 zone and is showing strong upward pressure.
Immediate resistance is seen around the $23 mark, which, if surpassed, could lead to higher targets, with the $25 region as the next key level. The analysts cautioned, however, that there is still a “weak low” that remains unmitigated.
Should the bulls lose control, a potential sweep could occur, but for now, the trend continues to point towards a continuation of the bullish momentum.
Crypto Elites, another analyst, recently pointed out that AVAX was trading at $17 when they first mentioned it.
Since then, the price has surged to $22, with further targets set at $55, $100, and potentially $150. The analyst urges traders to remain focused on the ongoing price action as AVAX continues its upward trajectory.
As AVAX battles through resistance, analysts watch for confirmation. Breaking $21, then $23 and $25, could define AVAX’s mid-term trajectory.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
