The current trend in AVAX price is displaying an upward trajectory, breaking the $36.50 resistance level. Should the momentum continue, Avalanche may witness further growth upon surpassing the $40.00 resistance mark. It is observed that AVAX price is on an upward trajectory from the $30.50 support position against the US dollar. Notably, the price is currently above $35.00 and is also above the 100 simple moving average within a 4-hour timeframe. Moreover, a pivotal moment was marked by the breach of a significant bearish trend line exhibiting resistance at $34.00 in the 4-hour chart of the AVAX/USD pair data sourced from Kraken. Sustained levels above $36.30 and $35.50 could potentially propel the pair's ongoing uptrend.

Recently finding support near the $30.50 mark, Avalanche's AVAX underwent a period of decline followed by a market resurgence. A new low was established around $30.58, leading to a fresh uptick resonating with movements seen in Bitcoin and Ethereum. During this phase, the price surged by over 10% and successfully surpassed multiple barriers at around $35.00. Of notable mention is the breaching of a key bearish trend line, whose resistance was encountered at $34.00 on the 4-hour chart of the AVAX/USD pair. Subsequently, the pairing successfully cleared the 50% Fib retracement level, indicating an upward swing from the $39.83 peak to the $30.58 trough.

At present, AVAX price resides above the $36.50 mark in conjunction with the 100 simple moving average within a 4-hour timeframe. Immediate resistance looms near the $37.65 threshold or the 76.4% Fib retracement level, tracing back the downward movement from the $39.83 peak to the $30.58 low. Anticipated on the horizon is a forthcoming substantial barrier near the $39.80 zone, with a potential breach likely allowing for a price surge exceeding 10%. In such a scenario, the price could gravitate steadily toward the $42.50 threshold, or potentially escalate to reach $44.00.

In instances where AVAX price struggles to propel beyond the $37.65 or $39.80 hurdles, a downside correction might be envisaged. Immediate support awaits near the $36.30 level, with critical reinforcement established around the $35.20 zone in tandem with the 100 simple moving average within a 4-hour scope. Should a downturn materialize beneath the $35.20 level, there is the possibility of a significant regression towards $32.80, with the subsequent vital support point positioned near the $30.50 threshold.

Analyzing the technical indicators, it is noted that the MACD for AVAX/USD is currently escalating within the bullish range over the 4-hour period. Likewise, the Relative Strength Index (RSI) for AVAX/USD has breached the 50 level, accentuating positive movements. Critical support levels in this framework are recognized at $36.30 and $35.20, while noteworthy resistance levels are seen at $37.65, $39.80, and $42.50.

In light of the various factors influencing AVAX price trends, the market remains cautiously optimistic about the ongoing uptrend, with attention specifically drawn towards crucial support and resistance levels that might determine the course of the cryptocurrency within the forthcoming trading scenarios.