[Analysts predict AVAX breakout: Is $30 the next target? 】
Avalanche (AVAX) is up 10% since last Thursday and is currently trading around $25, in line with the overall recovery trend in the crypto market. Bitcoin and other coins are rallying, and AVAX is at a key price level that will influence its price action in the coming weeks.
Analysts predict that AVAX could face significant volatility. A breakout of the current weekly bearish structure could lead to a strong rebound; however, if key support levels fail, there could be downside risks.
AVAX has gained 25% since September 6, reaching an important price level that has attracted widespread attention. Renowned analyst Daan says AVAX has been in a bearish channel for a long time but is currently trying to break out of it. If the $25 resistance is exceeded, the price could quickly rise to $28 or even higher.
AVAX is currently trading at $25.04 and has broken above the 4-hour 200 EMA, indicating strong momentum in the near term. A successful break above $28 would confirm a longer-term uptrend; however, a break below $23.5 could expose further pullbacks.
