The cryptocurrency AVAX is grabbing traders' attention again with a potential breakout. Currently, the token is trading around $25.29 and shows strong upward momentum.
Current Situation with AVAX
Several analysts believe that if AVAX exceeds $27, it could lead to a rise towards $35. The key resistance zone at the moment is between $27.00 and $27.25. If the token manages to close above that level, it will open the way to $31 and possibly $35.
Short-Term Expectations
In shorter time frames, AVAX shows pullbacks after hitting resistance near $27.20. The price is expected to fluctuate between $25 and $27 in the coming days, remaining within an upward trend.
Future Targets and Resistance Levels
If AVAX can break $28.33, it will pave the way to levels of $31.40 and $33.10. However, if it drops below $24.99, it could mean a return to the support level of $22.21. Overall, AVAX maintains a bullish setup as long as it stays above key support levels and trendlines.
In summary, AVAX demonstrates steady growth, and overcoming key levels could lead to significant price increases. However, the current state requires careful monitoring of support and resistance indicators.
