AVAX Breaks $20 - Is Massive Rally Ahead?

 After several failed attempts, Avalanche (AVAX) has finally surged past the $20 mark, climbing 15% over the last 30 days. While this move brings fresh optimism to the market, technical indicators and on-chain data suggest that the path forward may not be smooth.

Strong Breakout, But Momentum May Fade

AVAX’s recent climb above $20 has excited many investors, with hopes that it could trigger a longer rally. However, the Awesome Oscillator (AO)—a key momentum indicator—is now flashing red bars, signaling that the bullish energy may be losing steam in the short term.

Major Resistance Between $25 and $33


Currently trading around $22 as per coinpedia market data, AVAX is approaching a critical resistance zone. According to data from IntoTheBlock, a substantial number of holders bought their tokens between $25.46 and $32.68, and are currently in the red.

This area, home to around 1.3 million addresses holding 20.65 million AVAX, could act as a "sell wall" as these holders may look to break even on their positions—creating a hurdle for further price gains.

For a more detailed AVAX Price Prediction check out our full analysis!

On-Chain Data Shows a Mixed Outlook



The Global In/Out of Money (GIOM) metric helps identify how many holders are in profit, at break-even, or at a loss. A higher number of holders in profit generally indicates strong support, while more holders at a loss can create resistance due to potential panic selling.

Currently, the resistance between $25.46 and $32.68 is stronger than the support level between $16.63 and $20.45, where a smaller number of holders accumulated AVAX.

What’s Next for AVAX?

To continue its upward trajectory, AVAX will need to see increased buying pressure capable of absorbing the resistance volume. Without that, a short-term pullback is possible before any serious move past the $25 level.

In the meantime, traders and investors should watch market sentiment closely and pay attention to volume trends before entering new positions.

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