Avalanche Targets Major Breakout as Market Holds Bullish Structure

• AVAX holds a bullish market structure, with a higher low reinforcing potential upward momentum beyond $126.03.
• Fibonacci extension targets indicate a potential surge, with extended levels projecting a rise to $243 if momentum sustains.
• Market watchers keep an eye on AVAX’s response to resistance because a breach of important levels may lead to additional price acceleration or changes in trend.

Avalanche’s (AVAX) robust technical patterns suggest possible bullish momentum. With estimates that go beyond important Fibonacci levels, recent market activity points to a potential breakout.

AVAX Market Performance and Key Levels

According to Market analyst Javon Marks, AVAX has experienced market fluctuations, going from a protracted downward trend to an upward one. The cryptocurrency saw a steep drop at first, hitting lower highs and lower lows. However, when a higher low formed, indicating an early reversal, the market structure changed.

Source: Javon Marks

Following this, AVAX broke above a key resistance level, fueling a strong rally. The price rose, reaching a peak before undergoing a brief retracement. Market data indicates a Fibonacci extension of 1.618, with a projected target above $126.03. Additionally, extended targets suggest a potential rise to $243 if momentum continues.

Price Consolidation and Future Prospects

After a strong uptrend, AVAX entered a consolidation phase. The price fluctuated within a defined range while maintaining its bullish structure. The higher low remains intact, reinforcing the likelihood of a continued upward move.

The analysis provided by Javon Marks highlights AVAX’s bullish trajectory. The cryptocurrency has consistently respected technical levels, confirming its market structure. A breakout above $126.03 could trigger a sharp move, potentially surpassing the $243 mark.

AVAX’s price action continues to respect Fibonacci levels and key support zones. The market has formed a higher high, reinforcing bullish sentiment. If the current structure holds, a breakout above resistance could accelerate gains.

However, price movement remains dependent on holding critical support levels. Any break below these zones could signal a trend shift. Traders and analysts remain focused on how AVAX reacts to upcoming resistance levels.