AVAX Token from Avalanche Skyrockets 10.7% Amid Bullish Breakout

Avalanche's AVAX token is defying recent market challenges, showcasing an impressive surge in value marked by heightened trading volume and a break past significant resistance levels.

The recent price action of Avalanche's AVAX token reflects a strong bullish trend, with the cryptocurrency leaping from $18.87 to $20.89, indicating a substantial 10.7% increase and capturing the attention of investors once again.

This positive movement aligns with the broader crypto market uptrend, where Bitcoin also experienced a notable rally surpassing $87,500, marking its highest value since early April amidst favorable market sentiment and a weakening US dollar.

AVAX Surges 10.7% as Bullish Breakout Signals Strong Momentum

Avalanche's price action shows accelerating upward trajectory with high-volume trading activity breaking key resistance levels.

• Avalanche (AVAX) breaks out of multi-week correction phase, jumping from $18.87 to $20.89 with strong volume indicating renewed investor interest.
• The move comes as the broader crypto market rallied, with bitcoin surging past $87,500, reaching its highest level since early April amid a weakening dollar and positive market sentiment.
• The Trump administration formed a Strategic Bitcoin Reserve, including Ethereum and Solana, signaling a major shift in the US government's approach to cryptocurrency.

An intriguing development was the establishment of a Strategic Bitcoin Reserve by the previous administration under Trump, which notably included Ethereum and Solana in its holdings. This move signals a significant shift in how the US government perceives and interacts with digital currencies.

Technical Analysis Highlights

• AVAX demonstrated remarkable strength, surging from 18.87 to 20.89, representing a 10.7% gain.
• Price action reveals a clear bullish trend with higher lows forming a strong support trendline around 19.50.
• After consolidating between 19.30-19.70 on April 20, AVAX experienced a significant breakout on April 21, with volume increasing substantially as the price pushed above 20.00.
• The most recent 48 hours show accelerated momentum with the formation of a bull flag pattern and a decisive breakout above 20.40, suggesting further upside potential.
• Key resistance at 20.90 now becomes the level to watch, with Fibonacci extension targets pointing to 21.50 as the next significant objective.
• In the last 100 minutes, AVAX surged from 20.61 to 21.04, representing a 2.1% gain.
• After consolidating between 20.50-20.60 during the 13:20-13:40 timeframe, price formed a solid base before initiating a powerful upward move.
• The decisive breakout occurred at 14:40 with extraordinary volume (146,387 units), creating a strong support level at 20.80.
• Multiple high-volume candles followed between 14:44-14:48, pushing the price through the critical 21.00 psychological barrier with the highest volume spike (142,112 units) at 14:47.
• This breakout completes the bullish pattern established in the previous 48 hours, with Fibonacci extension targets now suggesting 21.50 as the next significant objective.

In terms of technical analysis:

• "Avalanche (AVAX), Toncoin (TON) and Kaspa (KAS): Can They Recover?" — CryptoDaily, published April 2025.
• "Avalanche (AVAX), Polkadot (DOT) Rebound on the Horizon? Harmonic Pattern Signals Bullish Move" — Bitzo, published April 2025. — Bitzo, published April 2025. — Bitzo, published April 2025.
• "Avalanche Price Prediction" — Cryptopolitan, published April 2025.
• "Avalanche Card Unveiled: Will It Spark Bullish Momentum for AVAX?" — Coinpedia, published April 2025.