- Avalanche is currently trading at $14.14 with a volume of $474.84 million.
- Analyst points to AVAX retesting breakout levels, possible move to $9.
- The long-term trend shows the potential for a reversal to the upside towards $80.
Avalanche (AVAX) is facing a crucial moment as it is trading near $15. AVAX is testing key support levels that could determine whether it drops toward $9 or later targets $80 in a potential bullish reversal.
Currently, AVAX is trading at $14.14 with trading volume of $474.84 million and a market cap of $6.06 billion. Market dominance for the cryptocurrency, along with its price, is at 0.20%, and is lower by 3.69% over the last 24 hours.
Analysts indicate that AVAX is testing a key breakout area. If this is breached, the price may test the green zone and even the lower blue zone, representing a negative outlook. These zones serve as worldwide targets, and the shorter-term price actions will be realized within this range.
On the upside, if AVAX sustains its current levels, a possible breakout to the purple region of the falling channel can be anticipated. This can unleash its potential to break through the resistance.
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AVAX Retest Before Potential Upside
Crypto analyst Ali Marteniz has spotlighted Avalanche, noting that the coin is currently retesting its recent breakout zone. He further added that the price action could set the stage for a potential continuation toward the $9 mark, signaling renewed bullish momentum for AVAX.
Avalanche Forms Falling Triangle Pattern
Looking further ahead, Avalanche appears to be moving within a falling triangle pattern. It is anticipated that the price might move towards $4.40 for the short term in 2026, before a strong positive shift that could cause the price to surge towards $80. Although this is merely a forecast, this technical formation is a significant marker for a negative or positive breakout.
For now, AVAX is still operating within a price discovery phase, where key supports and resistances would be crucial for determining possible next significant price movements.
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