Ever since the crypto markets have shown some stability, altcoins like Avalanche have refrained from maintaining a descending trend. Although the bears are restricting the rally below a pivotal resistance, a tight accumulation could result in a massive breakout. 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, ecosystem, and adoption, despite ongoing volatility and recent bearish trends.
Looking at the price performance in the last 12 months, the AVAX price has experienced pronounced price swings. The price displayed massive volatility throughout 2024 and surged above $50 just before the close. Meanwhile, the bears intensified their action, causing not only a bearish yearly close but also a bearish start to 2025 that persists to date. Although the price has halted extended bearish action, the failure of bulls to surpass an important zone at $25 causes concerns for the upcoming price action.
The weekly chart of AVAX displays a strong presence of the bulls as they