Avalanche Price Surge: Whale Transactions Jump 169%, AVAX Eyes $25 Breakout

Avalanche news has recently caught the attention of traders with signs of a potential rally in its price action. Following a 70% correction, bullish signals now hint at a possible reversal. The AVAX price is currently fluctuating between $20.05 and $22.89, an impressive 20.61% gain over the past week. It also marked a 12.10% increase over the last 24 hours. The market closely watches if the Avalanche price can hold above the critical $21 level.

A key factor driving this positive outlook, according to Avalanche news, is the recent surge in whale activity. On-chain analytics from IntoTheBlock indicate that Avalanche’s large transaction volume jumped significantly by 169%. This points toward renewed interest from substantial investors, aligning with a 22% spike in trading volume. These developments suggest momentum is building as traders and large investors prepare for a potential breakout. Technical indicators and pattern analysis add weight, making AVAX news a key focus in the market.

Are Whales and Institutions Buying Avalanche?

The behavior of large investors often acts as a leading indicator within crypto markets. According to recent Avalanche news, the massive 169% spike in large transaction volume for AVAX suggests whales are accumulating Avalanche around current price levels. They are likely positioning themselves before an anticipated significant price move. Such activity introduces liquidity and signals confidence regarding the cryptocurrency’s short-term prospects.

Institutional interest gives credibility to the developing bullish case for this digital currency. These entities usually conduct thorough technical and fundamental analysis before entering positions. Therefore, their increased presence can signify confirmation of potential upward trends. As AVAX approaches key resistance levels near $23.46 and $25.12, participation from whales and institutions may provide the necessary push to break these barriers. If that occurs, a move toward the $25.15 mark, or potentially higher, becomes increasingly plausible.

Do Technical Patterns Signal an AVAX Breakout?

The Avalanche price, according to technical indicators on the AVAX/USD daily chart, suggests a potential reversal change after breaking out of a descending channel. Adding to the optimism, a bullish cup and handle pattern appears to be taking shape. This classic chart formation often precedes sharp upward price movements. The pattern places the AVAX price at a critical point, trading just beneath its neckline. A sustained close above $21 would confirm the breakout, signaling strong upside potential.

AVAX/USD daily chart, published on TradingView, April 23, 2025.

This digital currency’s price behavior resembles a coiling pattern. In this pattern, price volatility usually narrows within a tight range before a decisive breakout. Historically, such setups frequently lead to significant price movement in the breakout direction. With the Relative Strength Index nearing 56 and breaking into bullish territory, Avalanche seems to be gaining momentum. Despite trading below the 200 EMA, often a bearish signal, the coiling setup and rising volume suggest that the market is ready for action.

What Key Levels Matter for Avalanche?

The market intensely focuses on whether the Avalanche price can maintain a daily close above $21. A successful close at or above this level could set the stage for a rally. This rally could push prices toward $25.15. From there, bullish momentum could extend gains, reaching $31.40. This seems likely if resistance levels are overcome with high trading volume. Price zones surrounding $23.46 and $25.12 are being monitored as key potential turning points.

If AVAX fails to close above the $21 mark, however, it could invalidate the current bullish outlook. This might lead to price consolidation or a retest of support levels. Still, broader market sentiment is turning positive as Bitcoin leads a crypto recovery. This shift enhances arguments favoring altcoin rallies. According to recent AVAX news, Avalanche stands as a prime candidate to benefit from the surge.

What’s Next for Avalanche Price?

As Avalanche nears key resistance levels with growing momentum, the recent AVAX price action suggests a bullish breakout. Whale accumulation patterns, highlighted by recent market activity, also support this view. The formation of a cup and handle pattern provides a compelling technical setup for investors. This setup combines effectively with coiling price action and a rising RSI reading. With trading volume and institutional interest increasing, the stage appears set for AVAX to attempt a breakout.

Nevertheless, traders should exercise caution until a daily close above $21 is confirmed. While current indicators appear promising for Avalanche, failure to sustain price action above this threshold could delay the rally. For now, the Avalanche price remains firmly on the radar of analysts and investors, placed at a potentially pivotal moment in its market trajectory.