Avalanche Price Breaks Higher Lows as Bullish MACD Setup Fuels Recovery Targets

Avalanche (AVAX) price is building higher lows near $10.55 as traders watch for a break above $10.96 that could bring its larger recovery targets into focus.

After bouncing from $9.98, Avalanche has built higher lows and moved back above short-term resistance, with the immediate support now sitting around $10.55.

Buyers need to prove they can hold the recent breakout as AVAX faces significant resistance at the upper boundary of its multi-year falling wedge near $24-$28.