Is AVAX Reversing? Break Above $15 Could Trigger Strong Upside

TLDR: 

• AVAX breaks descending channel, hinting at potential bullish momentum in coming weeks.
  
• Daily close above $15 could confirm a trend shift to higher highs for AVAX.
  
• Price may target $17–$18, with potential push toward $20+ if momentum continues.
  
• Institutional interest grows as AVAX joins Bitwise 10 ETF and expands network usage.

AVAX is showing early signs of a potential bullish reversal after breaking out of its multi-week descending channel. 

The cryptocurrency’s price is consolidating just below the key resistance at $15, which represents the previous low-timeframe swing high. 

Traders are watching closely, as a clean break above this level could indicate a structural shift from lower highs to higher highs.

The breakout from the descending channel points to weakening bearish pressure and growing buyer strength.

 If AVAX manages to hold above the breakout zone, momentum could accelerate, paving the way for higher price levels. Short liquidations and new buyer interest may emerge if the $15 resistance is decisively overcome.

Technical Setup Signals Possible Upside

According to CryptoPulse, AVAX has officially broken out of its descending channel, hinting at a potential change in market dynamics. 

Price action is now approaching the $15 resistance, which serves as a critical decision point for the next phase of movement.

A confirmed daily close above $15 would signal stronger upside continuation, with potential targets at $17–$18 in the near term. 

Beyond that, AVAX could aim for the $20+ range if momentum remains intact. Traders monitoring these levels may view them as key areas to enter or add to positions.

Current trading activity reinforces this scenario. AVAX has seen a 5.86% price increase over the last 24 hours, with a 24-hour volume of $485,476,601. 

These figures suggest heightened engagement from buyers, adding credibility to the possibility of a trend reversal if resistance is cleared.

Institutional Developments and Network Growth

Avalanche has recently been included in the Bitwise 10 Crypto Index ETF (NYSE: BITW), reflecting growing institutional interest. 

Transactions on the network have increased sevenfold since January 1, indicating strong adoption and use of the AVAX infrastructure.

Projects like Dinari are leveraging Avalanche’s layer-1 platform for tokenized equities, highlighting the network’s readiness for institutional-grade applications. 

With the SEC discussing tokenized equities, AVAX is well-positioned to support compliant and scalable solutions.

The combination of technical breakout and institutional adoption reinforces the potential for AVAX to continue its upward trajectory. 

Sustained movement above $15 could accelerate interest, providing a foundation for higher targets and broader network engagement.

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