• Avalanche price radiates bullishness as the alt flipped two critical resistance zones ($86.49 and $78.96) to support barriers.
• The upward move also overpowered a plunging trend-line, indicating an upward action past $100.
• A 24hr candle close beneath $70.32 will cancel Avalanche’s bullish thesis.

Avalanche price displayed remarkable over the previous week as AVAX overturned several crucial resistance zones to support areas. That formed a stage for continued gains that might push AVAX towards levels above its ATH.

Avalanche Price Displays Potential

Avalanche price created around four lower peaks since touching the $146.75 on 21 November 2021. Connecting the swing points with trend lines reveals a plunging resistance barrier.

The past week’s trading sessions had AVAX gang approximately 41%, flipping the hurdles at $86.49 and $78.96 into footholds. Though bulls grapple with the barrier at $86.49 at the moment, market players can expect a smooth move past this zone.

Surprisingly, Avalanche price moved past the declining obstacle and successfully retested it to approve a flip. For now, enthusiasts can anticipate another leg-up from the altcoin to retest the $100 mark and gather buy-stop liquidity beyond $98.

As this move seems impressive, bulling momentum resurgence might see Avalanche tagging $125 and gathering buy-stop liquidity beyond the area. That would mean a 40% ascent from AVAX’s current position, $88.48.

Avalanche’s latest gains had to overcome two critical obstacles, making it easy to embark on its future rallies. However, bulls failing to persist will see Avalanche revisiting $78.96.

Meanwhile, a daily candle close under $70.32 will cancel AVAX’s bullishness by creating a lower low. That might see the crypto revisiting the support barrier of $64.59. Buyers may regroup in this area for further uptrends.

Avalanche seemed to open the door for an upside break past the $100 mark. The alt’s latest bullishness flipped two vital resistances ($78.96 and $86.49) into support.

Moreover, the upward actions penetrated a dropping trend-line, confirming the possible move past $100. Bulls should prevent a 24hr candle close under $70.32 to keep the bullish narrative in play.

Stay around for upcoming developments in the cryptocurrency world.

Editorial credit: Ira Lichi / shutterstock.com