AVAX Reclaims Key Support Level, Sets Sights on $147

Avalanche (AVAX) has reclaimed its key horizontal support level of $9, a move that analysts believe marks the end of the worst drawdown in this cycle.

The reclaim of the $9 level is not just a minor technical development, but rather a structural reset that validates the bullish recovery thesis for AVAX.

CryptoBullet1, an analyst, has set three sequential price targets: $25 (+116%), $65 (+462%), and $147 (+1,171%) from the current price of $11.56.

The key to this analysis is that the $9 level must hold as support; a weekly close below it would invalidate the entire bullish structure.