Avalanche (Avax) quietly builds strength after the appearance of a solid bottom. AVAX prices have bounced from a long-term racing with an important role over the past few years. After testing this important place, the price will bounce with confidence, signing that consumers can finally enter. Now, the focus is moving to one key zone only above. If the Avax can break above it, the path for a bullish rally can open.
The recent move to the avalanche chart has gained the attention of many traders. One of them is Alex Clay. According to the analyst, the bounce occurred right at the lowering level of support and resistance. This trend has rejected the price several times before, but at this time, Avax found the support there and upside down.
In the chart Alex Clay Distributed, clearly how important this level is. Back in 2022 and 2023, Avalanche struggled to break above it and rejected several times. Now, after the bouncing from the same line, the Avax price goes to a horizontal resistance zone between $ 21.50 and $ 24.00. Alex Clay believes this zone is the next challenge. If the Avax crosses above it and holds it, it can confirm that a bullish reversal is truly conducted.
Avalanche price target to be watched next
Alex Clay has laid some clear target prices for the avalanche if the bullish momentum continues. When the Avax break and stays above the key zone around $ 24, the next stop can be $ 50.40. This level is lined with an earlier area where the price is combined and struggling, so it makes sense as the first main target.
If the momentum carries the avalanche beyond there, Alex Clay points to $ 90.20 as a second target. This place is tied to a major Level of Fibonacci And it also corresponds to a place where sellers have previously stepped. Finally, if Avax's price manages to break both zones, Alex Clay's ultimate target is $ 129.90. That will bring an avalanche near the levels seen during stronger bullish phases, which potentially match retrating from all times high.
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According to Alex Clay, the price path will not be a straight line. His projection shows a staircase step, where the Avax rallies on a target, return briefly, then continues to be higher. For entrepreneurs watching avalanche, these levels can help develop their expectations in the coming months.
By the Avax price that holds firmly above an important trend and vision with a return above the key zone, Avalanche can set the stage for something big. Alex Clay's views provide a clear roadmap for the next.
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