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AVAX Hits Decision Zone: Will the $27 Breakout Trigger a Bigger Move?
AVAX is testing a 3-day macro supply zone, historically a rejection area, making this a crucial decision point for bullish continuation.
May trendline support remains intact as volume confirms buyer presence, though a breakout above $27 is needed to confirm structure shift.
Strong close above $27 would signal breakout; traders expect momentum toward $36 if the current zone resolves with bullish dominance.
Avalanche (AVAX) surged 8.99% in the past 24 hours, reaching $27.18. The price is now entering a critical decision zone. Technical analysts expect a breakout or a pullback as the market tests macro resistance.
AVAX Pushes Into Key 3D Supply Zone
According to @TheBreakoutZone, AVAX is currently testing a major 3-day order block that previously acted as a strong resistance. This supply zone rejected price action back in March, making it crucial for bulls to break decisively above it.
So far, buyers are present, but not yet in control. Volume data shows accumulation, yet dominance remains unclear. Importantly, the trendline support from May remains intact, giving bulls a valid technical reason to hold their positions.
The mid-level reclaim has already started acting as a short-term pivot. If AVAX holds this level, a bullish structure could form. However, a strong daily close above $27 would confirm a structural breakout. Traders may add exposure if that breakout sustains.
Potential Pullback Levels Offer Reload Opportunity
Despite the bullish scenario, analysts are still prudent however.. The current zone has triggered several rejections in the past. A pullback to the $17–$19 range would be healthy and offer a chance to reload.
Patience is key here. Many traders are waiting for a clear resolution before entering aggressive long positions. If price dips but holds above trendline support, that could offer an ideal re-entry opportunity.
@TheBreakoutZone notes this zone needs time to resolve. Traders must avoid chasing candles and instead let price action confirm the next move.
Eyes on the $36 Sell Wall as Next Target
In a separate observation, @CW8900 highlights an important level above. AVAX is nearing a large sell wall. If it breaks through, the next significant resistance lies at $36.
Source: CW
This zone may serve as the next bull target if buyers flip $27 into support. Momentum is slowly building. However, strong follow-through is required for any sustained rally to materialize.
With trading volume crossing $943 million in 24 hours, market interest in AVAX is clearly rising. For now, all eyes remain on the $27 breakout level.
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