Avalanche (AVAX) Shatters Multi-Year Falling Wedge - $300+ Target in Sight for 2025
A classic technical pattern just broke. After years of consolidation, Avalanche's AVAX has decisively exited a multi-year falling wedge formation—a textbook signal that often precedes a powerful bullish reversal.
The Technical Breakout
For chart watchers, this isn't subtle. The falling wedge, characterized by converging downward-sloping trendlines on decreasing volume, represents a prolonged period of selling exhaustion. The breakout above the upper boundary suggests that selling pressure has finally been overwhelmed by accumulating demand. It's the kind of move that gets technical analysts reaching for their long-range Fibonacci extensions.
Mapping the Trajectory
With the pattern confirmed, the measured move projection points squarely toward territory above $300. This target isn't plucked from thin air; it's derived from the height of the wedge pattern projected upward from the breakout point. It implies a significant revaluation, positioning AVAX for a potential run at its previous all-time highs and beyond. Of course, in crypto, a 'measured move' is more of a polite suggestion than a guarantee—remember when your financial advisor said 'past performance is no guarantee of future results'? He wasn't talking about crypto charts.
The path won't be a straight line. Expect retests of the breakout level as new support and the typical volatility that turns paper gains into real profits or painful lessons. But the structure has shifted. The multi-year compression phase appears over, replaced by a new impulse leg defined by the breakout.
Avalanche now faces the market with a clean chart and a clear technical mandate: rally hard. Whether it fulfills that mandate depends on whether the buyers who broke the wedge stick around to build the next floor.
Avalanche Nears Breakout as Multi-Year Wedge Tightens
Moreover, the crypto analyst, Altcoin Piooners, revealed that Avalanche (AVAX) is demonstrating one of the strongest reversal signals in the long term to date, and its 3-week chart has formed a perfect multi-year falling wedge. The crucial $10 to $13 region has been protected by the price several times since the start of 2022 while making higher low points along an upward trending line. Currently, AVAX is tightly consolidating around $13.65 and compressing tightly, hinting at the major breakout.
The macro indicators are again supportive of a bull thesis, showing reduced downside momentum, reduced volume, and an RSI reset pattern similar to that of the pre-breakout phase in 2021. The indicators point to sustained accumulation and not a bearish environment, particularly in light of the subnets and the growing number of gamers and institutions adopting the platform.
Source: Altcoin Piooners
If the price is able to break out above the upper boundary of the wedge at $50 to $60, AVAX will target $80 to $100 in the short term, then $150 to $200 by the end of 2026, and possibly much higher in a full-blown mania phase of the market.
The only level that will trigger a breakdown and target the entire thesis to be invalidated is a close below $10 per month. Until then, it appears that Avalanche is poised to enter the first phase of a massive reversal pattern.
Also Read: Avalanche (AVAX) Eyes $15 Breakout as Momentum Slowly Builds
