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AVAX Targets $18 Breakout Amid $14.83 Resistance Challenge
The native token of the Avalanche protocol, AVAX, is on the brink of a potential price breakout. After initial gains aligning with the broader crypto market, AVAX surged to $14.85 but fell back below $13.50. Analyst Ali Martinez highlights a critical price juncture that could dictate its short-term trend.
Key Price Resistance for AVAX
- Martinez's analysis shows AVAX facing significant resistance at $14.83, failing to surpass this level thrice in the past month.
- This resistance zone might be seen as a profit-taking point or a signal of potential decline based on historical patterns.
- An inverse head and shoulders pattern suggests a bullish trend reversal may be imminent.
- Breaking through the $14.83 neckline could lead to a target of $17.59, with further potential gains up to $18.41, marking a possible 35% increase from current prices.
Current Market Status
- AVAX currently trades at $13.61, showing slight declines of 1.19% over one day and 1.34% over a week.
- Despite recent losses, the monthly chart indicates a gain of 14.67%, suggesting a possible trend reversal after a negative Q4 2025 performance.