Analyst Predicts 5x Spike for Avalanche (AVAX) Price After 60% Rally – Here’s Why It’s Just Getting Started

Avalanche (AVAX) has been gaining traction again after climbing nearly 60% in just a few weeks. Traders and analysts are starting to take a closer look, especially with both short-term and long-term charts showing signs of momentum. Two charts that have been getting attention on X hint at something bigger brewing, with some suggesting AVAX price could eventually push to $140.Zooming in on the 4H AVAX chart, the price has been steadily trending upward since early May, moving from around $20 to just over $26.14. There’s also been a noticeable spike in trading volume, especially during key breakouts between May 8 and May 13, which shows strong interest from buyers.Source: X/CWRight now, Avalanche is pushing up against a resistance zone between $27 and $27.50, an area where it’s already been rejected twice. In a tweet, trader CW called this a “sell wall” and said that if AVAX breaks through, the next target could be $36. On the flip side, the chart shows solid support below, with a buy wall sitting between $24.20 and $24.80. There’s also deeper support around $21.80 and $18.60, areas where AVAX price has previously bounced during pullbacks.Avalanche Weekly Structure Suggests Longer-Term Accumulation and RecoveryOn a broader time scale, the weekly AVAX price chart shows three major phases: a 2021 peak at $147, followed by a lengthy accumulation phase between mid-2022 and late 2023, and recent attempts at recovery in 2024 and 2025. The token rallied to $65 and $50 during separate moves, forming what appears to be a long-term wave pattern with higher highs and higher lows.According to the annotated chart, AVAX spent over 500 days consolidating between $8 and $20, forming a base before moving upward. The most recent breakout is seen as part of a multi-year structure aiming toward a projected target near $140. The $8.47 zone remains a macro support level that has held consistently since mid-2022.Read Also: Investors Are Betting Big on Kaspa (KAS): Here’s What They SeeSource: X/HenryNarrative Momentum Builds Around Subnets and Ecosystem ExpansionIn a thread by crypto expert Henry, AVAX was described as an ecosystem that is “not waiting for the next cycle.” He noted active development in subnets, DeFi, gaming, and tokenized real-world assets (RWAs), emphasizing the chain’s flexible architecture. His commentary was tied to the long-term chart projection and stated that $26 is “nothing” compared to the possible upside ahead.Analyst sentiment shared in both tweets reflects growing confidence in Avalanche’s positioning. These views are backed by the network’s expansion in adoption and its strategic focus on scalability through subnets.While immediate resistance remains in play, charts and community commentary suggest AVAX price could be approaching a breakout phase. The confluence of technical levels, growing volume, and increasing attention around ecosystem developments contributes to the bullish narrative forming around the token. However, the short-term resistance at $27 must be decisively cleared for the path toward higher levels like $36 and $140 to remain valid.Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. The post Analyst Predicts 5x Spike for Avalanche (AVAX) Price After 60% Rally – Here’s Why It’s Just Getting Started appeared first on CaptainAltcoin.