- AVAX has broken out of a falling wedge pattern, signaling a potential bullish trend.
- Analysts now project price targets of $41, $52, and up to $61 based on technical resistance levels.
Avalanche (AVAX), the native token of the Avalanche blockchain, is making waves in the crypto world after breaking out of a key technical pattern known as a falling wedge. Now trading at $23.46, AVAX has surged past its long-standing accumulation zone between $17 and $19 — a move that has caught the attention of analysts who see more upside ahead.
The falling wedge pattern, often associated with a trend reversal, had contained AVAX for months. But a recent breakout on the weekly chart suggests a shift in momentum. According to Rose Premium Signals, this breakout confirms a bullish trend, with reduced selling pressure and growing buyer interest.
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“This is the kind of move that signals a significant change,” says Rose Premium Signals. “We’re now watching for follow-through, and the early signs are encouraging.”
Following the breakout, analysts have raised their targets, predicting that AVAX could climb to $41, $52, and even $61 — a potential gain of over 160% from current levels. These targets are based on historical resistance levels and the technical structure of the wedge pattern.
The rally is supported by strong accumulation at the $17–$19 range, where buyers repeatedly defended the price. Now that AVAX is trading above this zone, many believe the market has entered a new bullish phase.
Technical traders often watch for breakouts from wedge patterns, as they can signal the end of a downtrend and the beginning of a strong rally. In AVAX’s case, the breakout is backed by volume and price action, strengthening the bullish outlook.
While crypto markets remain volatile, AVAX’s recent technical move has sparked optimism. If the current trend holds, investors could see the token push toward its ambitious targets in the coming months.
For now, all eyes are on AVAX — and whether it can maintain its upward momentum in a market known for dramatic moves.