Avalanche (AVAX) Surges 11.72%: Bullish Breakout to $36

Avalanche (AVAX) is demonstrating remarkable technical strength, having surged 11.72% to reach $33.21 within the last 24 hours. This price movement represents a significant breakthrough above the critical $27 resistance level, which analysts from CoinCodeCap Trading identify as part of a bullish ascending triangle pattern. The technical breakout confirms continuation signals for bulls, with short-term through long-term trends all remaining strongly bullish according to market observers.

The trading volume explosion provides compelling evidence of renewed investor interest, having jumped 168.21% to reach $1.96 billion. This substantial volume increase, combined with the 14.96% weekly gain that positions AVAX among the week’s top-performing cryptocurrencies, indicates robust market participation. Technical analysts have established clear price targets at $31 (PT1) and $36 (PT2), with a suggested stop loss at $24.70 to manage risk during this bullish phase.

Despite the strong bullish momentum, market technicians note that AVAX is currently in overbought territory with an RSI reading above 70. This technical indicator suggests the potential for near-term consolidation or pullback, even as the longer-term strength remains intact. The overbought condition typically signals that the asset may be due for a cooling-off period before continuing its upward trajectory.

Key support levels have been identified at $23 and $20, providing potential buying opportunities should any near-term correction occur. Resistance levels are concentrated between $31 and $36, representing the immediate price targets that traders are watching closely. The combination of strong technical patterns with clear support and resistance zones gives traders a structured framework for navigating AVAX’s price action in both bullish and corrective scenarios.

Analyst projections for Avalanche in 2025 reveal significant divergence in outlook. DigitalCoinPrice maintains an optimistic forecast, suggesting AVAX could breach $73.03 during the 2025 year-end, potentially surpassing its former all-time high of $146.22. This bullish outlook cites conducive investor sentiment and fundamental business forces, particularly Avalanche’s planned $1 billion treasury raise, as primary catalysts for growth.

In contrast, Changelly’s technical analysis presents a more conservative estimate, projecting AVAX could reach as high as $28.82 in 2025 with a mean trading level around $35.40. Their September 2025 estimate places the token between $32.75 and $33.23, indicating limited near-term upside potential from current levels. This forecast suggests a potential -13.1% return on investment, highlighting the uncertainty inherent in cryptocurrency projections.

The planned treasury fundraising represents a significant fundamental catalyst that could generate substantial capital for development and ecosystem growth. This initiative, combined with the broader crypto market recovery from prior losses, positions Avalanche for potential long-term strength. As investors watch for altcoin recovery potential, AVAX’s ability to maintain its technical breakout while navigating overbought conditions will be crucial for determining its position among leading blockchain platforms as 2025 approaches.