Avalanche (AVAX) breaks the resistance level then locks in after 8 months: A signal for a new bullish trend?

After a series of consecutive failures since the beginning of 2025, Avalanche (AVAX) has finally broken above a key resistance level, opening up hopes for a potential reversal trend. Notably, this breakout occurred just after AVAX recorded a 4.5% increase within 24 hours.

At the time of writing, AVAX is hovering around the mark of 26.75 USD, with active participation from both investors and traders. According to data from CoinMarketCap, the 24-hour trading volume of the token has surged by 50%.

The combination of prices exceeding important thresholds and a surge in trading volume indicates a strong upward momentum, while affirming the increasing appeal of AVAX within the cryptocurrency community.

Upcoming Price Milestones of Avalanche

According to technical analysis from Bitcoin Magazine, AVAX has officially broken through the important resistance level at 26.60 USD on the daily candle chart – a notable milestone after eight consecutive failures since January 2025. This development is seen as a breakout signal, opening up prospects for a new bullish cycle.

Daily AVAX/USDT Chart | Source: TradingViewNotably, the daily RSI indicator has also surged strongly from the neutral zone and is currently approaching the overbought threshold (70), indicating overwhelming buying pressure and a clear dominance of the bulls.

In this context, AVAX is likely to continue its upward momentum, aiming for the next resistance level at 35.5 USD – corresponding to an increase of more than 23% from the current price.

On-chain data supports continued growth

As the price of AVAX is rising, many investors have taken the opportunity to lock in profits. On-chain data from CoinGlass shows that just yesterday over 13.25 million USD worth of AVAX was pushed onto exchanges. However, this trend reversed today: instead of selling, investors began to withdraw AVAX from the exchange, with a value of 2.94 million USD as of the time of writing.

Source: CoinGlassThis move clearly reflects the return of confidence, as the market expects the recent breakout to open up stronger growth potential for AVAX.

SN_Nour