After reclaiming a crucial level over the past week, Avalanche (AVAX) faces resistance near the $27 mark. Some analysts have suggested that reclaiming this area could kickstart a rally toward the next key resistance levels.<\/p>\n
Avalanche has seen a nearly 40% surge over the past week, jumping<\/a> from the $19 mark to a three-month high of $26.84 on Monday. The cryptocurrency hit an 18-month low of $14.66 during the early April retraces but recovered around 37% ahead of its recent breakout.<\/p>\n Amid the market recovery, AVAX has broken out of its five-month downtrend, which saw the cryptocurrency retrace over 73% from its Q4 2024 high. Moreover, Avalanche formed a 2-month Cup-and-Handle pattern, with the neckline at the $23 resistance.<\/p>\n Analyst Sjuul from AltCryptoGems pointed out that the formation had a \u201csuper clean\u201d target and was \u201cin confluence with the next resistance level,\u201d at around the $32 mark. This area, lost in early February, was a crucial resistance and support zone before the Q4 2024 rally and the Q1 2025 market shakeouts.<\/p>\n After the neckline breakout and reclaiming<\/a> this level over the weekend, the analyst noted that the target \u201cis clear now.\u201d As such, Avalanche could likely see another 30% rally toward the $32 mark.<\/p>\n Meanwhile, analyst CW highlighted<\/a> that AVAX has a key sell wall near the $27 level, where it has faced resistance over the past few days. However, if it breaks through this barrier, it could surge to the $36 level before facing the next selling wall near the $38.5 area.<\/p>\n Another wall between the $42.5-$46.5 levels lies ahead. On the contrary, if the cryptocurrency gets rejected from the first resistance, the price could revisit the breakout levels and the downtrend line around the $20 mark, with a selling wall below it that could serve as support.<\/p>\nAVAX To Repeat BTC And SOL\u2019s Playbook?<\/h2>\n