Major

bullish

Rally

Avalanche

<p>CryptoBullet’s recent analysis of AVAX/USDT on the weekly timeframe reveals a technical setup that points to significant upside potential. The analyst highlights a classic breakout-retest pattern that typically precedes strong bullish movements in the crypto market.</p>
<p>The crucial support zone between $35-$42 has demonstrated remarkable resilience. After breaking above this historically significant resistance level, <a href="https://www.coingecko.com/en/coins/avalanche" target="_blank" rel="noopener noreferrer nofollow">AVAX price</a> executed a textbook retest of the zone, which now serves as robust support. This price action validates the strength of the ongoing uptrend. The price is now going up, currently trading at $48.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="550" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-494-1024x550.png" alt="" class="wp-image-597294" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-494-1024x550.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-494-300x161.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-494-768x412.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-494-1536x824.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-494-2048x1099.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-494-280x150.png 280w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-494-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-494-652x350.png 652w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-494-788x422.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-494.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="target-zone-analysis-for-avax-price">Target Zone Analysis for AVAX Price</h2>
<p>The technical projection suggests AVAX is positioned for a move toward the $150-$180 range. This target aligns with historical price action and key Fibonacci extension levels that often guide cryptocurrency price discovery phases.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/how-many-shiba-inu-tokens-could-make-you-a-millionaire-realistic-shib-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">How Many Shiba Inu Tokens Could Make You a Millionaire: “Realistic” SHIB Price Prediction</a></em></strong></p>
<p>While <a href="https://x.com/cryptobullet1/status/1866528442596069476?s=46" target="_blank" rel="noopener noreferrer nofollow">the setup</a> appears strong, market participants should monitor the critical support zone at $35-$42. A failure to maintain this level could invalidate the bullish scenario. Additionally, broader market dynamics, particularly Bitcoin’s performance and macro factors, remain influential in determining AVAX’s trajectory.</p>
<p>The weekly chart structure indicates a high-probability continuation pattern. The successful retest of previous resistance as support strengthens the case for further upside.</p>
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<p>The post <a href="https://captainaltcoin.com/avalanche-avax-price-resumes-major-bullish-rally-as-key-support-holds-heres-the-target/" rel="noopener noreferrer nofollow">Avalanche (AVAX) Price Resumes Major Bullish Rally as Key Support Holds: Here’s the Target</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Avalanche (AVAX) Price Resumes Major Bullish Rally as Key Support Holds: Here’s the Target

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