The post is this the start of a rally to $28.70? appeared on BitcoinEthereumNews.com.

AVAX has recently broken free from months of bearish control, showing signs of a bullish reversal that could signal a significant shift in its macro price structure. After spending a considerable amount of time under the pressure of a descending dynamic support/resistance level that has held price action down since February, Avalanche (AVAX) has now pushed through that level with strength. This move followed a confirmed swing failure pattern at the lows, a common reversal signal, and price action quickly reclaimed both the value area high and the point of control from the previous range. This sharp shift indicates a strong buyer presence and a potential trend reversal. Key points AVAX flips dynamic SR resistance into support, indicating bullish structure. Reclaim of value area high and point of control reinforces momentum. Next move depends on confirming a higher low above the flipped SR zone. AVAX USDT (1H) Chart Source: TradingView The breakout above the dynamic resistance is significant not only because it breaks a multi-month trendline but also due to the context in which it occurred. After a failed breakdown and successful reclaim of key range levels, buyers stepped in with enough conviction to shift momentum. Price action is now establishing a higher high, and the next critical step is whether AVAX can hold above the flipped resistance zone and form a higher low. Volume profile readings support this bullish outlook, with an uptick in participation during the breakout, another encouraging sign that this move isn’t merely a short squeeze, but potentially the start of a sustainable uptrend. If a higher low is confirmed, traders can expect a rotation toward the key swing high at $28.70, a level that has previously acted as resistance in past market cycles. On the other hand, failure to hold the current breakout zone would…

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Filed under: News - @ April 24, 2025 4:27 am