- AVAX Price has failed to break $27 resistance five times since March 2025, signaling strong selling pressure.
- Price is consolidating between $23.30 and $27.00, forming a wide horizontal channel.
- A confirmed breakout above $27 could set AVAX on a path toward the $46 resistance level.
AVAX price is at a very imperative technical point and is moving in a narrow range following several unsuccessful efforts to clear the $27 resistance. AVAX may be soon in a decisive move as there is a solid support in the area of 23.30, and the market is starting to pay more attention to it. It could be a bullish breakout to $46 or further rejection into consolidation, but these are the key price points that traders must pay close attention to as opportunities.
AVAX Price Poised for Breakout or Breakdown at Critical $27 Level
The chart here is a candlestick chart of AVAX on Binance, which provides a closer perspective on the price movement up to 2025. This chart-based analysis on the chart by Ali tagged with alias Ali_Charts identifies key horizontal levels that have been found to provide significant support and resistance during the year.
The highest technical level in this chart is the well-defined resistance zone, which is $27.00, and was tested five times since March 2025. All the efforts to rise beyond have been violently denied and this level is proved to be a strong gatekeeper. According to Ali Chart, the most important resistance of Avalanche is Avalanche price. Break it, and $46 comes into play!”
This recurrent rejection indicates that there is high supply pressure or profit-taking at this level. A close above the $27.00 mark on increasing volume is probably what traders are waiting to see as a confirmation of a breakout and the commencement of a more vigorous bullish trend.
On the negative side, the near term support of price is solid at $23.30, with the price clinging on several occasions. The significant support areas include the following below: $20.50 and 17.00. At present AVAX price is trading within a lateral zone of between 23.30 and 27.00, indicating that long-term investors are stockpiling, or that the market is uncertain.
Although the price recovered due to the low of 13.55, it is still in the range. There is no noticeable higher and bullish trend, and momentum is neutral. The failure to go beyond the point of 27.00 maintains the general bias on the side of caution.
A bullish breakout will take a strong close above $27.00 that is preferably backed by volume. In case of rejection once more, the price might reenter the price levels of $23.30 or even show lower support levels. As Ali correctly predicts, breaking out at or above $27.00 puts in reach the potential of $46.00 with a strong headroom to the upside. These are some of the key areas that traders should be keen on price movement and volume to get a trading opportunity.
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