AVAX Technical Analysis: 25 APR 2025
AVAX is in a short-term symmetrical triangle pattern. Source: TradingView
General View
AVAX price has shown notable strength in recent days, staging a sharp recovery off its double bottom. Price is now standing on the pivotal breakout point of the double bottom pattern. Additionally, AVAX is now consolidating inside a short-term symmetrical triangle, with breakout levels situated at $22.60. Bulls are firmly holding the ground, and if this resilience persists over the next few sessions, a continued advance toward higher resistance levels appears likely.
On The Upside
AVAX is going to push for a short-term breakout above the $22.60 level, which will bring the price into contact with the neckline resistance of the double bottom pattern at the $23.20 to $23.50 levels. This is the make-or-break point for AVAX, as strength above this will open extensive upside targets for the pair.
On The Downside
Immediate support rests at $21.80, the lower bound of the short-term triangle as well as a horizontal support level. As long as AVAX maintains this support, any additional downside remains unlikely. Meanwhile, if this level is breached, AVAX can dip once again towards 21.30 and 20.70 levels.
AVAX has triggered a bullish breakout above the trendline. Source: TradingView
