Analyst Javon Marks has projected a potential Avalanche (AVAX) rally exceeding 1,100% toward the token's previous all-time high, while fellow analyst Michael van de Poppe has identified AVAX's current price region as an accumulation zone despite weak buying momentum. The token traded at $8.531 on November 11, holding above its $8.39 support, marked by the 50-day moving average, but remaining below the $9.20 resistance defined by its 200-day moving average. Both analysts see scope for recovery, although renewed buying momentum has yet to materialize.

Analysts Highlight AVAX's Potential Recovery

Marks suggested that AVAX could be preparing for a substantial move toward its previous all-time high, with his projection placing the potential increase above 1,100%. He shared the outlook in a post on X. Because the target references the token's prior peak, the projected percentage describes a return toward earlier highs rather than a new valuation benchmark.

Meanwhile, van de Poppe pointed to a recent upward bounce in AVAX but noted the absence of continued buying momentum. He described the current price region as an area where investors might accumulate — a term traders commonly use for price ranges viewed as attractive for building positions. Van de Poppe also observed that positive developments had not produced a strong rally in the token, suggesting that stronger price movement could emerge later. Analyst calls of this kind are a regular feature of crypto market coverage, but they represent individual chart-based readings rather than confirmed outcomes.

AVAX Corrects After September Rally

Price chart data shows AVAX declining from approximately $9.80 toward $6.00 during late May and June. The token subsequently consolidated between $6.00 and $6.60 before beginning to recover in late August. The recovery accelerated in September, pushing AVAX to approximately $11.90 around September 17. Momentum weakened afterward, however, and the correction has extended through November 11, leaving the token well below its September peak.

AVAX currently trades slightly above its 50-day moving average of $8.39, though it remains below the 200-day moving average at $9.20. The 50-day and 200-day moving averages are among the most widely watched trend gauges in technical analysis, and the relationship between them is often used to judge whether short-term momentum sits above or below the longer-term trend. Trading volume stands near $350.95 million. Notably, volume rose during the August–September rally, and recent sessions have also seen elevated trading activity — a metric traders typically follow as an indicator of the strength behind price moves.

$8.39 Support and $9.20 Resistance Define AVAX Levels

The $8.39 level represents immediate support for AVAX. A breakdown below this level could expose the token to $8.00 and, subsequently, $7.30. On the upside, $8.90 represents initial resistance. The $9.20 level carries additional importance, however, because it coincides with the 200-day moving average. A sustained breakout above $9.20 could open the way toward $10.00.

Meanwhile, declining 50-day moving average levels reflect weakening momentum since October. AVAX's next price movements will depend on whether buying volume strengthens enough to overcome the broader bearish pressure, which makes the $8.39 support and the $9.20 resistance the reference points to watch as the setup develops.