AVAX Holds $34 as Traders Watch $36 Resistance for Breakout Potential

• The AVAX price is trading at $34 while traders closely watch resistance at $36 and strong support at $30.
• The chart shows a large cup pattern that signals potential for an upward move if $36 is broken.
• Support zones at $33, $30, and $27 remain key levels as traders prepare for Avalanche’s next move.

Avalanche (AVAX) is trading at $34 after a steady recovery, with technical signals suggesting potential for a strong breakout ahead.The chart illustrates a large cup-shaped structure formed over several months. This pattern is often seen as a bullish continuation signal. AVAX prices dropped sharply earlier in 2025 before stabilizing and forming the rounded bottom visible on the chart.

As of September, AVAX has climbed from lows near $22.19 to test higher levels within the formation. Resistance now sits near $36, a key barrier for the asset. Traders are monitoring whether AVAX can push through this zone with conviction.

The $34 level marks the current spot price after a minor 3.38% decline during the latest session. Despite this drop, the broader pattern remains intact. Support levels appear firm at $33.73, $30.15, and $27.93, providing stability for short-term fluctuations. The chart also lists deeper levels at $25.16, $24.75, $23.94, and $22.87, aligning with previous consolidation points.

Breakout Expectations

Market commentary indicates expectations for AVAX to deliver a strong breakout. Analysts noted that the token’s present range is below where it “deserves to be,” pointing toward higher valuation potential. The repeated retests of resistance around $36 underscore the importance of this threshold.

Technical traders view the upward trendline as a confirmation of bullish momentum. The trendline connects multiple higher lows since June, adding weight to the current rally. A decisive move beyond resistance could extend the trajectory toward the $40 region, aligning with prior highs.

Volume analysis further supports this outlook. Accumulation has steadily increased since July, with higher volumes accompanying upward sessions. Such activity often precedes a breakout as buyers strengthen their positioning. However, price action remains sensitive to broader market movements, particularly shifts in Bitcoin’s direction, as AVAX historically correlates with wider crypto sentiment.

The situation raises an important question: will AVAX confirm the bullish cup formation with a breakout above $36 or face renewed rejection?

Wider Market Context

The AVAX setup emerges amid broader developments across the crypto market. Many tokens have shown consolidation patterns while awaiting decisive signals. In this context, AVAX’s current technical formation stands out for its scale and structure.

Observers noted that prior AVAX rallies began from similar basing patterns. For instance, earlier recoveries in 2023 and 2024 followed extended accumulation phases before rapid surges. This cyclical behavior strengthens the case for a potential upward continuation if resistance is cleared.

Despite optimism, traders remain cautious. Failure to hold above key supports could weaken sentiment and prolong consolidation. If AVAX slips below $30, analysts warn the bullish structure could be delayed. Even so, the broader recovery trend since June remains in play as long as higher lows are maintained.

Social sentiment data shows continued interest in Avalanche as an ecosystem. Discussions highlight strong expectations for network development and broader adoption. These factors contribute to long-term investor confidence, complementing the technical narrative.

For now, AVAX trades tightly within its critical range. The interplay between support and resistance levels will dictate the next decisive move. Traders are watching closely for signals of confirmation as AVAX approaches the breakout zone once again.