Yield Yak AVAX USD Price & Performance (YYAVAXUSD)

Avalanche (AVAX) has maintained an upward trajectory, trading above $21.39 and recovering 50% of its monthly losses. Analysts suggest a potential 17% rally if it closes above $20.99, with further gains possibly pushing the price to $30. On-chain metrics also indicate growing bullish sentiment among traders.12

The Avalanche market has seen a shift in sentiment, with the long-to-short ratio hitting a one-month high of 1.18. Funding rates have turned positive, signaling increased optimism. Technical indicators like RSI and MACD support bullish momentum, suggesting a potential 20% price increase if resistance levels are surpassed.34

Despite a 35% surge since early March, Avalanche (AVAX) struggles to break key resistance levels. While the wave count hints the correction may be over, weekly RSI and MACD indicators remain bearish. Analysts emphasize the importance of surpassing $20 to confirm a sustained bullish trend.56