Key Takeaways:
The price of Avalanche's native token, AVAX, broke through a key resistance level of $9.40 on April 18, 2026, setting a potential course for $9.80 in the coming two weeks.
The move was reportedly driven by significant accumulation from large holders, with one report citing 72 percent whale backing for the rally. This concentration of holdings by major players suggests a coordinated effort to push the price higher.
Following the breakout, the immediate target for bulls is the $9.80 level. However, the analysis also points to a critical support level at $8.60. A failure to sustain momentum and break through the $9.80 target could result in a rapid decline to this support zone, potentially trapping traders who entered the market after the initial breakout. The price action for other layer-1 tokens like Solana (SOL) and Ethereum (ETH) will be watched closely for sector-wide momentum.
This price action places AVAX at a critical juncture. A successful breach of $9.80 could validate the bullish momentum and attract a new wave of buyers, while a rejection would confirm the level as strong resistance and could trigger significant short-term bearish pressure.
This article is for informational purposes only and does not constitute investment advice.
