The post Avalanche (AVAX) Price Approaches Critical $10 Level—A Breakout Could Trigger the Next Rally appeared first on Coinpedia Fintech News
The crypto market is showing renewed strength after Bitcoin broke above its recent consolidation range. The move has lifted overall market sentiment, with Ethereum reclaiming the crucial $2,000 level and supporting momentum across the altcoin market. Avalanche is among the tokens benefiting from this shift in sentiment.
The AVAX price has recently broken out of the narrow consolidation zone where it traded for the past few days. With momentum building and the token maintaining a strong correlation with Bitcoin’s movement, Avalanche could attempt to push toward the $10 mark before the daily close if bullish pressure continues.
From a technical perspective, Avalanche is approaching an important short-term resistance zone. The recent breakout above the consolidation range suggests that buyers are gradually regaining control after a period of sideways movement. However, the next few sessions will be crucial, as the price must sustain above its newly formed support levels to maintain bullish momentum. If the buying pressure continues to build, AVAX could attempt to test the immediate resistance near $10–$10.5 in the near term.
The AVAX price is currently testing a key resistance zone near $9.7 after rebounding from short-term support around $9.0. The recent move above the 20-period moving average suggests that short-term momentum is gradually strengthening. However, the price still trades below the longer-term moving averages, indicating that the broader trend remains cautious.
The immediate resistance for Avalanche stands between $9.7 and $10.3. A sustained move above this zone could strengthen the bullish structure and open the door for a push toward the $10.5 level in the near term. On the downside, immediate support lies near $9.0, followed by a stronger demand zone around $8.2, which previously acted as a base during recent pullbacks.
Meanwhile, the RSI is showing a mild bearish divergence, suggesting that momentum may be weakening despite the recent price recovery. If AVAX manages to secure a decisive breakout above $9.7, buying pressure could increase and drive the price toward $10–$10.5. However, failure to clear this resistance may keep the token within the current range, with the price potentially revisiting the $9 support before the next directional move develops.
