- Avalanche bounced from a multi-year accumulation zone near $10–15, confirming strong investor support before breaking out of the descending channel.
- Weekly structure shows bullish momentum as AVAX exits a prolonged downtrend, with analysts identifying a market shift that mirrors previous rallies.
- Liquidity targets of $56, $85, $145, and $302 suggest potential for Avalanche to lead altseason if Bitcoin maintains market stability.
Avalanche (AVAX) is gaining attention after breaking out of a multi-year accumulation zone, with analysts projecting strong upside targets in the coming cycle.
Multi-Year Accumulation and Support Structure
Crypto analyst Crypto Patel shared on X that Avalanche has bounced from a multi-year accumulation zone around $10–15. The altcoin spent nearly three years consolidating within a large descending channel, forming a solid foundation for its next move.
According to the chart analysis, AVAX tapped this accumulation zone twice, marked as Retest 1 and Retest 2. Each retest demonstrated consistent buying pressure from long-term investors, which kept price action supported at critical levels.
This structure mirrors earlier cycle bottoms where Avalanche consolidated before delivering strong rallies. Market watchers consider this extended base formation as evidence of sustained interest from accumulation-focused participants.
Market Structure Breakout and Bullish Confirmation
Crypto Patel noted that AVAX has now broken out of its descending channel, signaling a shift in macro market structure. Historical data shows that when Avalanche moves above key resistance, the price often triggers steep expansions.
The weekly candles have affirmed momentum as the momentum strengthened in buying power, which is in tandem with a bullish structural change. This shift implies that the bearish pressure that persisted in the market over a long period might have reached its limit, and a new trend is coming.
The breakout places Avalanche among altcoins preparing for broader participation in the upcoming cycle. Traders are now closely tracking liquidity flows that could fuel further rallies in the asset.
Upside Targets and Altseason Outlook
The chart projects a potential upside of nearly +1400%, similar to Avalanche’s 2021 performance. Crypto Patel outlined target zones including $56, $85, $145, and $302, with the latter aligning with the 2021 all-time high.
The first resistance sits around $56, followed by a major supply zone at $85. Above that, the price target is $145 as a key psychological level before reaching a full breakout projection.
Patel also suggested that Avalanche’s setup matches broader signals seen in TOTAL2 and TOTAL3 charts, often viewed as altseason indicators. If Bitcoin maintains stability, AVAX could position itself as a strong leader during the next market expansion.
At press time, Avalanche trades at $30.05 with a daily gain of 1.67% and a weekly increase of 13.72%. Meanwhile, Bitwise filed for a stablecoin and tokenization ETF that will invest in stocks and crypto assets.
