AVAX is setting up for what could be its next big move. Avalanche price is trading around $32.94, and traders are watching key levels after a sharp shakeout in leverage.
Prominent analyst James Easton shared on X (formerly Twitter) that “the big move for $AVAX is still to come,” pointing to $27.00 as an area where a strong opportunity might show up.
Around the same time, analyst CW noted that AVAX has “almost completely liquidated its high leverage long positions,” which fits with the recent pullback on the charts.
AVAX Daily Chart Shows a Clear Structure
On the daily chart, AVAX price has already broken out of a long sideways range that sat between $27 and $28. That zone now works as key support if price dips back. Below that, there’s another support layer near $24‑25 and deeper support around $21‑22.
On the upside, traders are eyeing $34‑36 as the next area to beat. A move through $38 would be the next logical target, with a longer‑term descending trendline up near $43‑45 waiting to be tested. If AVAX can push through that line and hold, the chart points to a possible run toward $50‑55.
Avalanche Heatmap Points to Heavy Buying Zones
Data from a CoinAnk heatmap covering September 18‑21 shows how the last move played out. AVAX price ran from about $32.2 to $36.5 before rolling over to the $33 area.
Bright orange areas on the AVAX chart show where buyers have been stacking orders, especially around $32.5‑33.0, which is acting as strong support now.
$AVAX has almost completely liquidated its high leverage long positions. pic.twitter.com/lIHWXm4PXH
— CW (@CW8900) September 21, 2025
Every bounce since that drop has met resistance around $34‑34.5 and $35‑36, with lower highs confirming that sellers had the upper hand in the short term.
CW’s comment about high leverage longs getting wiped out fits perfectly with this pattern. Many traders likely entered above $34‑35 and were forced out as price slipped. That long‑squeeze often clears out weak hands and can set the stage for a steadier climb if new buying steps in.
What’s Next for AVAX
From here, AVAX price needs to keep $27‑28 intact if it tests lower. A bounce from that zone could keep the bullish breakout alive.
Holding above $30‑31 and reclaiming $34‑36 would open the door to $38 and eventually the $43‑45 trendline.
If AVAX price loses $27, it risks dropping back into its old range. Traders are watching these levels closely as the market resets and prepares for its next big move.