Avalanche's AVAX token is seeing heavy buying pressure, with 76% of top traders holding long positions, according to market data. The aggressive appetite for the token has pushed it toward a critical resistance level, and analysts put the probability of hitting $10.22 by May 18 at 70%.
Why traders are piling into AVAX
The data shows that nearly eight out of ten top traders are betting on further gains. That's a lopsided bullish stance that typically signals strong conviction. Aggressive buying has dominated recent trading sessions, and volume patterns suggest the move is being driven by active accumulation rather than passive holding.
Short sellers, by contrast, are largely staying on the sidelines. The imbalance has created a self-reinforcing dynamic: each uptick forces remaining bears to cover, adding to upward momentum. The result is a market that looks poised for a breakout if key levels give way.
The $10.38 barrier and what comes next
The immediate hurdle is $10.38. Breaking that level, traders say, could trigger a swift move higher. The resistance has held for several days, but with buying pressure this consistent, a breach looks likely. If it happens, AVAX could quickly test the $10.22 target — and potentially surpass it.
Above $10.38, there's not much standing in the way until $11. That open air makes the level a line in the sand. Bulls need to hold the price above it once broken, or the breakout could fizzle. For now, the momentum is on their side.
Counting down to May 18
May 18 is the date baked into the probability model. A 70% chance is not a sure bet, but it's high enough to draw attention. The token has been grinding upward over the past week, and each new push brings it closer to that target. If the buying pressure holds, hitting $10.22 by that date is well within reach.
Of course, crypto markets can pivot fast. A sudden shift in sentiment or a broader sell-off could derail the rally. But for now, the data points in one direction. The next few days will show whether AVAX can clear $10.38 and keep climbing.
