• AVAX is currently trading at $23.14, down 1.59% daily and 4.45% weekly.
• $27 is the breakout level, with $36 as the potential target.
• ETF approval speculation and rising open interest signal a potential AVAX rally.

Avalanche (AVAX) is once again capturing market focus, not due to its recent upticks, but due to what is next. Although it spent its last week trading in red, analysts as well as investors are taking a keen interest in the $27 resistance level, as it can indicate a significant bullish breakout.

Currently, AVAX is trading at $23.14 after dropping 1.59% over the last 24 hours as well as 4.45% over the last seven days. This selling behavior may seem discouraging, but charts reveal growing pressure beneath the surface.

With 24-hour trading volume down 26.26% to $659.8 million, short-term sentiment appears increasingly fearful. However, market value remains strong at $9.77 billion, reflecting long-term investor confidence.

Also Read: AVAX Price Action Signals Powerful Surge Toward $71

$27 Resistance Marks AVAX’s Bullish Trigger

A daily candlestick chart from crypto analyst Ali (@ali_charts) offers significant insight into AVAX’s medium-term setup. Plotting Avalanche from April to July of 2025, the chart indicates $27 as a major resistance point.

If violated, a sharp drop to $36 can be projected using past behavior as well as potential Fibonacci extensions.

The price movement from April to June signaled a clear uptrend, yet recent candles in the $25–$27 zone are of a consolidation and indecision type, usually a harbinger of a breakout or breakdown not far away.

Support points are observed at $18–$20, so a breakdown of not going above $27 would be due to pushing the asset back lower.

As volume declines, this can be easily overturned with a breakout, generating new interest. Investors should be keeping an eye out for volume gains and good closes daily to establish confirmation of the next action direction.

ETF Speculation Sparks New Optimism in the AVAX Ecosystem

Other than technicians, Avalanche is making headlines for another reason: a potential Avalanche ETF from VanEck, due to be approved on July 28.

Going by credible sources from the crypto community like REKTBuildr and Lonely Rooster, approval might be right around the corner, sending waves of speculation amidst the AVAX community.

With no official news having come out yet, optimism is priced into the market. It is a combination of good chart structure, expanding open interest, and ETF expectations that have spawned rumors of an imminent “AVAX season.”

If granted an ETF listing and Avalanche could break through $27, this would be a signal of a strong rise for the Avalanche ecosystem.

Also Read: Avalanche (AVAX) Set to Reclaim $35 After Approaching Key $26 Resistance