AVAX (AVAX) Recently Rallied from $17 to $22, Reflecting Renewed Bullish Momentum

This move positions the altcoin for a broader upside breakout, with analysts eyeing long-term targets at $55, $100, and even $150.

Avalanche (AVAX) price has shown strong bullish signals as it rallies from $17 to $22. This positions the altcoin for a broader breakout, with analysts setting their sights on higher targets at $55, $100, and even $150.

While AVAX is still 46% below its January 2025 high, it’s no secret that the crypto winter has brought on some serious losses. However, despite this downturn, AVAX continues to be one of the best-performing assets in the World Liberty FI (WLFI) portfolio.

The rapid five-point rise of Avalanche (AVAX) from $17 to $22 showcases the strong bullish momentum.

Crypto ELITES highlights this extremely bullish momentum, supported by an ascending trendline and a higher series of lows, which signals that the bullish trend will likely continue. According to the analyst, the next breakout might grow to $55, $100, or even $150.

The funding rate has also turned positive, which indicates that long positions are paying shorts—a signal of increasing optimism. Historically, we've seen that AVAX rallies correlate with funding rate spikes, and the April uptrend aligns with this pattern. As long as the rate stays positive and buying pressure persists, we may see more gains for AVAX.

If we look at the 1-day AVAX trading chart, we can see a bullish reversal pattern, a falling wedge, is displayed. If the pattern is confirmed, it suggests that AVAX is set for a rally. The market is in neutral territory, indicated by RSI at 52.34, which implies that there is still potential for upside as the market isn’t overbought yet. The Moving Average Convergence Divergence (MACD) also indicates positive momentum.

Usually, when the MACD line is positive, that is, when it moves above the signal line, bullish sentiment is perceived. Although the histogram has some weaknesses, momentum remains up. Further, a stronger crossover of the MAC

line over the signal line would mean AVAX will continue moving upwards as buyers are in control.

Meanwhile, Cumulative Volume Delta (CVD), AVAX, sees a high rise in buying pressure as volume surges. This increase suggests increased market participation, which can lead to a further price surge.

If we turn to technical analysis, analysts at Invizible Tech are predicting even higher price targets for AVAX in 2024. Their analysis, which uses Elliott Wave theory, suggests that AVAX could hit a high of $1,200.

Analyst CaptToblerone suggests that AVAX is nearing a significant upward move, supported by Elliott Wave analysis.

The chart predicts five waves of avax price movement: Wave (1) being the initial rise, Wave (2) a minor correction, Wave (3) the main bullish wave, Wave (4) a small correction and the Wave 5 point is targeted at $1,200, with key resistance levels at $150 and $760.

AVAX’s Resilience and Market Positioning

Despite being down 46% since January 2025, AVAX has had positive returns. The AVAX token wrapping has been listed in the WLFI portfolio. Currently, the portfolio has $2 million in AVAX for a profit of $ 379 K.

CryptoDiffer reports that AVAX has also continued to perform strongly within the WLFI portfolio. This indicates that even in a bearish period, AVAX can potentially go up in the long term.

This performance of AVAX within the WLFI portfolio, alongside its strengthened resilience, solidifies its place as a Layer 1 solution. With strong partnerships, a lot of adoption within Decentralized Finance (DeFi), and still being one of the major players in the blockchain space, AVAX has proven to have very long-term opportunities.

In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.