title: Ever since the crypto markets have shown some stability, altcoins like Avalanche have refrained from maintaining a descending trend

The AVAX price is currently trading at $22.19 while displaying a strong long-term growth potential, mainly due to the platform’s expanding technology

Avalanche (AVAX) has shown some strength recently as altcoins try to avoid further downward trends following some stability in the crypto markets. While the bears are limiting a rally above a crucial resistance, a close-knit accumulation could lead to a massive breakout. Currently, the AVAX price is trading at $22.19.

As the platform’s technology, ecosystem, and adoption continue to expand, it has displayed a strong long-term growth potential despite the ongoing volatility and recent bearish trends.

As the platform’s technology, ecosystem, and adoption continue to expand, it has displayed a strong long-term growth potential despite the ongoing volatility and recent bearish trends.

However, as the price performance in the last 12 months shows, the AVAX price has experienced some difficulties in maintaining a consistent upward trend.

However, as the price performance in the last 12 months shows, the AVAX price has experienced some difficulties in maintaining a consistent upward trend.

As the price displayed massive volatility throughout 2024 and closed above $50, the bears intensified their action, leading to not only a bearish yearly close but also a bearish start to 2025, which continues to date.

As the price displayed massive volatility throughout 2024 and closed above $50, the bears intensified their action, leading to not only a bearish yearly close but also a bearish start to 2025, which continues to date.

Although the price has stopped the extended bearish action, the failure of bulls to sustain above an important zone at $25 raises concerns for the upcoming price action.

The weekly chart of AVAX shows a strong presence of the bulls as they have defended the lower crucial support below $10. Additionally, the latest rebound from a strong trend reversal zone around $15 has confirmed the presence of bulls.

Interestingly, the price is consolidating along the neckline of the double-bottom pattern while a similar pattern is forming again. If it breaks the pivotal resistance at $22.67, which could happen at any moment from now, it could lead to a substantial rally.

However, the Gaussian channel has turned bearish on the weekly chart, and the Bollinger bands are narrowing, indicating a decrease in volatility.

However, the Gaussian channel has turned bearish on the weekly chart, and the Bollinger bands are narrowing, indicating a decrease in volatility.

Therefore, the upcoming monthly close can be a turning point for the Avalanche price as a move above the resistance could trigger a strong rally to $50, including a minor retracement or correction.

Therefore, the upcoming monthly close can be a turning point for the Avalanche price as a move above the resistance could trigger a strong rally to $50, including a minor retracement or correction.

Furthermore, the Open Interest and Market Cap have increased significantly, which shows that investors are becoming more interested in the coin.