Avalanche (AVAX) Nears Critical Demand Zone: Is $30 the Next Bullish Target?

Avalanche is knocking on the door of a major support area—traders are watching to see if it bounces toward the $30 mark.

The Technical Setup

Charts show AVAX consolidating near a historically significant demand zone. This level has acted as a springboard before. The question isn't just about holding support; it's whether the momentum will be enough to fuel a run past recent resistance.

Market Mechanics at Play

Volume patterns and order book data hint at accumulation. If bids at this zone hold firm, the path toward higher prices clears. It's a classic test of market structure—break down here, and sentiment sours; bounce decisively, and the bulls take control.

The $30 Scenario

Reaching that figure requires sustained buying pressure and a favorable macro backdrop for altcoins. It's a psychological barrier as much as a technical one. Some analysts see it as the next logical stop if broader crypto momentum continues—others warn of overeager projections, the kind that fuel those 'to the moon' narratives before a gravity check.

Remember, in crypto, a 'key demand zone' is just a fancy term for the price where the last batch of buyers might start sweating. All eyes are on whether Avalanche's foundations here are solid rock or just well-marketed sand.

AVAX Technicals Hints at Increasing Bullish Strength

Analysis of the chart reveals that the price is above the 20 and 50 EMAs, which is a trigger for a possible reversal. However, it is below the 100 and 200 EMAs, which indicates some pressure on it. Nonetheless, being above the 20 and 50 EMAs shows that there might be a bull trend if it manages to maintain these positions.

Source: TradingView

The RSI index of 57.09 puts it in a neutral area, but it has a positive MACD. The MACD indicator’s line is above the signal line, and its histogram is positive. This makes it a favorable time to buy. The 4-hour chart shows volatility in both positive and negative directions, which will push it higher after breaking above 12.60.

AVAX Enters Key Buy Zone: Is $30 the Next Target?

Nevertheless, the crypto analyst Crypto Pulse has shared that Avalanche (AVAX) is currently in a very important demand zone around which buyers have intervened in the past. This zone has proven to be a great support point because it has enabled successful bullish movements to take place. AVAX could see a relief rally if this zone is respected.

As long as the price is sustained above the demand level, traders can expect AVAX to test major resistance levels of $16, $21, and perhaps $30. These levels are highly significant and may be used as exit strategies for short-term traders or as regions for additional accumulation by traders who foresee a recovery in the market.

Source: Crypto Pulse

The bearish case will become true if AVAX fails to pass through the demand zone without issues on a weekly timescale and closes below the demand zone. Closing below the demand zone will be a clear indication of a shift in market sentiment, hence a fall in the value of AVAX.

Also Read: Avalanche (AVAX) Shows Short-Term Recovery Amid Descending Market Trend