Avalanche (AVAX) Regains Bullish Momentum After Weeks of Extreme Volatility, Rising Alongside a Broader Crypto Market Recovery

After a rocky period driven by macroeconomic stress, AVAX is finding renewed momentum. The altcoin benefits from a steadier Bitcoin

Avalanche (AVAX) is slowly regaining bullish momentum after weeks of extreme volatility, and the cryptocurrency is heating up once again.

The DeFi coin is currently trading at $21.82 and shows signs of building strength as traders await a potential breakout move toward $23.

The cryptocurrency is also benefitting from a broader crypto market recovery, which has seen Bitcoin stabilize above a key support level.

AVAX Price Shows Signs Of Strength

Following a rocky period driven by macroeconomic stress, AVAx is now finding some momentum. The altcoin is also benefitting from Bitcoin, which has remained firm around a critical support level, helping to fuel optimism across the board.

At the time of writing, AVAX has a 24-hour trading volume of $355.48M and a market cap of $9.07B, which shows that there is still solid interest in the cryptocurrency. Over the past week, Avalanche has increased by 10.80%, which signals that buyers are slowly returning.

Chart showing the price action of AVAx with technical indicators relative to the US Dollar

As the chart above shows, AVAx has been consolidating tightly between the $21.50 support level and the $23.00 resistance level. This low-volatility range is often a precursor to major moves, and it seems like the market is setting up for a breakout.

Technical signals remain mixed. Both the Relative Strength Index (RSI) and MACD hint at mild bearish pressure, but no clear reversal patterns have emerged yet.

Traders will be keeping a close eye on the zone around $21.60, where a solid bounce could trigger renewed bullish momentum.

As pressure builds within the tight trading range, the market is in ‘wait-and-see’ mode. A decisive break above $23 could unleash fresh buying and confirm a short-term trend reversal.

If AVAx manages to hold support and volume strengthens, then a surge toward $23 and beyond could materialize quickly. However, until a breakout is confirmed, traders remain cautious and ready to react to emerging signals.