1. AVAX Gains Momentum
Avalanche’s native token, AVAX, is gaining traction in the crypto market, rising more than 11% on Monday. It is now trading above $21, showing strong bullish momentum. This comes after an impressive 19% rally last week, signaling growing investor confidence.
2. Breaking Key Resistance
One of the biggest catalysts behind this token’s surge is its breakout over a long-term downtrend line—a resistance level that has been in place since December 2021. The token previously attempted to break out in November 2024, but failed in February 2025. This time, bulls have successfully pushed it above its declining trendline, reinforcing a bullish outlook.
3. Technical Indicators Confirm Strength
- Relative Strength Index (RSI): Currently at 53 and rising, indicating growing buying pressure.
- MACD Crossover: A bullish crossover on the MACD points to strong momentum for further price gains.
4. Trader Sentiment Turns Bullish
AVAX’s long-to-short ratio has hit 1.18, its highest in over a month, according to Coinglass. This suggests more traders are betting on price increases. Additionally, funding rates flipped from -0.0065% (Friday) to 0.0051% (Monday), reinforcing positive sentiment.
5. Price Targets: How High Can AVAX Go?
If AVAX holds above the $20.99 resistance level, the next target is $24.99, a potential 17% gain. A breakout above this could spark a 20% rally to the major $30 psychological level. If the current bullish momentum persists, this token may even surpass $55 or $65 in the coming months.
Final Thoughts
Despite some resistance at $21.80, AVAX’s price action shows that bulls are taking control. If the momentum continues, Avalanche could be in for a major breakout in 2025!
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