AVAX Eyes $15 Breakout: The Catalyst for a Major Trend Reversal?
AVAX is knocking on the door of a critical $15 resistance level. A decisive break could signal a major shift in market structure.
The Technical Battlefield
All eyes are on that $15 price point. It's not just a number—it's a psychological and technical barrier that's been holding back momentum. Breaking through requires significant buying pressure, the kind that suggests a fundamental change in investor sentiment. The market is watching for a clean, high-volume move above that level.
What a Breakout Could Unlock
If AVAX can muster the strength, clearing $15 opens the path toward higher resistance zones. It would invalidate the prevailing bearish structure and potentially trigger a wave of algorithmic and institutional buying. The move would need to be sustained, of course—because in crypto, a 'breakout' can sometimes just be a trap for overeager bulls before the next leg down. It's the classic game of 'fake it till you make it,' but with real money.
The Bigger Picture
Beyond the chart, a successful reversal here would reinforce AVAX's position within the broader layer-1 race. It's a test of network resilience and community conviction. Remember, trends aren't reversed by hope; they're reversed by capital flows that overwhelm selling pressure. So, will the bulls finally write a check their momentum can cash, or is this just another setup for disappointment? Only the tape will tell—and it never lies, even if the narratives around it often do.
AVAX Could Trigger Bullish Run if $15 Resistance Breaks
Crypto analyst Jonathan Carter highlighted that AVAX is probing the upper limit of its downward channel on the 12-hour chart. This represents a significant milestone for the cryptocurrency. Any breakout of this resistance WOULD be a trigger to a bullish run. If confirmed, the analysts have set price targets of $15, $18, $21, $24, $28, and even $35.
Despite this short-term momentum, AVAX remains in an extended downward trend. Whether this bouncing is a short-term effect or a more lasting reversal of the trend will also depend on how the market responds to the important resistance levels. The critical resistance level is the one of $15. In case AVAX fails to break this mark, the negative trend might continue.
RSI Signals Neutral, MACD Divergence Hints at Bullish Momentum
The Relative Strength Index (RSI) stands at 41.64, which reflects a neutral situation. There are no obvious signs of overbought or oversold levels. Meanwhile, the Moving Average Convergence Divergence (MACD) indicates a positive divergence.
The MACD line stands at 0.23, and the signal line is at -0.83. This divergence implies that there may be a MOVE toward bullish momentum as long as price action continues to pick up.
Trading Volume and Open Interest Decline
CoinGlass data shows that the trading volume decreased by 5.09% and has reached $888.25 million. Open Interest is also down by 8.70% and stands at $535.80 million. The token OI-Weighted Funding Rate is at -0.0054%, showing a bearish trend.
The resistance of AVAX at $15 will be decisive in deciding whether the price will increase or fall. The cryptocurrency is nearing crucial levels as traders are waiting to confirm a reversal in the trend. The following days will be decisive in the future of cryptocurrency.
