Avalanche (AVAX) Jumps Above $35, Eyes $40+
Avalanche AVAX surged over 15% after breaking through $28 and $35 resistance levels, reaching a multi-month high of $35.72. The token holds above its 50-day SMA and key trend lines at $30 and $32, confirming bullish momentum. Short-term pullbacks may find support at $32.50 (23.6% Fib) and $30 (trend line and 50% Fib). Immediate resistance sits at $36.20; a decisive close above this could drive AVAX toward $38, $40, and higher targets at $42 or $50. Overall, Avalanche AVAX maintains a bullish outlook with clear support levels and upward targets.
Bullish
The combined technical signals from both articles point to sustained bullish momentum for Avalanche AVAX. Breaking key resistance levels at $28 and $35, along with maintaining above the 50-day SMA and trend lines, indicates strong upward pressure. Short-term support at $32.50 and $30 limits downside risk, encouraging traders to buy on dips. On the upside, overcoming immediate resistance at $36.20 could trigger further gains toward $38, $40, and beyond, reflecting a positive market sentiment. Overall, these factors suggest that AVAX is poised for continued appreciation in both the short term and long term.