Following a significant decline from its 2021 all-time high, Avalanche (AVAX) has found itself consolidating in a key support zone between $15 and $11. This strategic position could present a favorable opportunity for long-term investors, particularly with Avalanche’s TVL experiencing substantial growth. Avalanche’s Total Value Locked (TVL) surged by 3,200% since July 2024, demonstrating strong interest in the platform and its DeFi ecosystem. Despite this momentum, AVAX has remained under pressure, prompting analysts to set potential breakout targets ranging from $43 to a remarkable $302. These targets are contingent on sustained support levels and a broader market recovery. Analysts believe that if AVAX can maintain current support and overcome resistance levels, it could experience significant upward price movement.