- W-bottom, cup & handle, and symmetrical triangle point to strong upside.
- The $26–$30 zone is the breakout trigger across multiple timeframes.
- Weekly setup hints at long-term targets up to $128.
Avalanche (AVAX) is testing a critical price zone, with bullish structures appearing across daily and weekly charts. Analysts see potential for a breakout rally that could extend toward multi-year highs.
W-Bottom Aligns With Long-Term Accumulation Break
According to market analyst Alex Clay on X, AVAX has carved a W-bottom pattern between the Point of Control (POC) and a key structural zone. This formation emerged after an extended reaccumulation range between $17 and $30. The neckline at $26 now stands as the primary breakout barrier.
Clay points to the EMA 50 and EMA 100 converging around $25, which strengthens the case for an upward break. His outlined sell zones are $45–$50, $66–$75, and $110–$128. The $18–$26 supply band has rejected the price multiple times since 2023. A confirmed close above this range could unlock a sustained bullish phase.
BitMonty, another technical analyst on X, notes a cup & handle pattern developing on AVAX’s daily chart. Price rallied from $14 to over $26 in early July before retracing to $18.50, then began a steady climb.
BitMonty’s targets are $28 to $32 range. Repeated tests of this level suggest that buyer momentum is mounting. A daily breakout here could align with the broader weekly bullish structure.
Over the last three days, market capitalization showed elevated volume with increased volatility near the 11.00 billion mark. A sharp spike followed by a sudden drop indicates heightened investor activity and profit-taking behavior. This volume surge may influence short-term price instability as traders react to rapid fluctuations.
Symmetrical Triangle Gives Multi-Year Breakout Scope
Crypto enthusiast Jonathan Carter took to X to highlight a symmetrical triangle on AVAX’s weekly chart. It is formed by ascending support from $9.20 and descending resistance near $30. The 50-week moving average lies at $26.90, just above the current price.
Weekly triangle breakouts often precede large moves. Carter’s targets start at $30, then $55, and potentially $120 if momentum persists. Volume distribution shows heavy activity between $17.50 and $30, marking this range as a decisive battleground.
With all three patterns converging at the same resistance zone, AVAX is at a turning point. A break above $26–$30 could trigger a multi-stage rally. Failure may result in another retest of lower support before any renewed climb.
