Avalanche is showing quiet strength as it trades within a bullish pennant, and on-chain activity continues to rise<\/a>. Momentum is building, and if the breakout confirms, it could catch the market off guard, reshaping the short-term Avalanche Price Prediction positively.<\/p>\n
Avalanche may be flashing early signs of a momentum shift. According to Crypto AI by Klondike<\/a>, AVAX is currently forming a textbook bullish pennant, one of the more reliable continuation patterns. Despite being carved out within a broader downtrend, this setup suggests that the bears may be running out of steam. The price has tightened into a narrowing range between converging trendlines.<\/p>\n
AVAX forms a bullish pennant, eyeing a breakout above $17.80 that could target $19.78. Source: Crypto AI by Klondike<\/a> via X<\/p>\n
From a technical standpoint, the key area to watch is the $17.80 zone, where a breakout with volume could open room<\/a> toward the $19.78 range. However, until confirmation appears, the pennant remains a neutral setup.<\/p>\n
AVAX is currently trading at $17.88, notching over a 10% gain on the week and showing signs of renewed strength. As the broader market attempts a recovery, Avalanche appears to be riding the momentum as well. This optimism was echoed by avaxjesus<\/a>, who noted that it was shaping up to be a “good day” for the AVAX ecosystem.<\/p>\n
Avalanche is trading around $17.88, up 1.58% in the last 24 hours. Source: Brave New Coin<\/a><\/p>\n
AVAX gains over 10% this week. Source: avaxjesus<\/a> via X<\/p>\n
While AVAX\u2019s price is just beginning to lift off, on-chain data is already leading. As shown by analyst Seb<\/a>, Avalanche has seen a massive spike in daily transactions, now pushing past 1.5 million per day. That\u2019s the highest level in over a year.<\/p>\n
Avalanche\u2019s daily transactions surge past 1.5 million, signaling potential price acceleration ahead. Source: Seb<\/a> via X<\/p>\n
Historically, large transaction spikes often act as leading indicators for<\/a> future price acceleration, especially when they persist over several weeks. Seb notes that this surge in transactions could precede a delayed price reaction. It lines up with the recent breakout from AVAX\u2019s bullish pennant and the growing optimism seen across crypto markets.<\/p>\n
AVAX is now testing a key horizontal demand zone that has acted as a base for multiple reversals over the past year. The $16 to $17 area, as shown in Trader Sam\u2019s<\/a> latest chart, highlights a strong support region, which is a potential double bottom.<\/p>\n
The neckline of the potential reversal sits<\/a> around $24 to $25, and a close above it could confirm the pattern and open up targets into the $30+ zone.<\/p>\n
AVAX holds strong supports, aiming to break the $24 to $25 neckline resistance. Source: Trader Sam<\/a> via X<\/p>\n
On the weekly AVAX\/BTC chart, Avalanche continues to trade within a descending channel that has contained price action since late 2021. Analyst CryptoOpus<\/a> highlights that while the pair has spent 3.5 years grinding lower against Bitcoin, it\u2019s now nearing a critical point. Price is currently hovering just above the lower boundary of the channel, near the 0.0001350 level, an area that previously triggered rebounds.<\/p>\n
AVAX\/BTC trades near the channel\u2019s lower boundary at 0.0001350, eyeing a possible relief rally toward 0.00045. Source: CryptoOpus<\/a> via X<\/p>\n
AVAX is flashing a powerful mix of technical strength and growing on-chain momentum. The breakout from a bullish pennant, holding firmly above the $17.80 level, combined with surging daily transactions and strong support near $16 to $17, points to a potential shift in trend.<\/p>\n
The technical structure is clean, price has respected key zones, and now eyes the $19.78 target in the short term, with a possible move toward $25 with room for higher levels if<\/a> momentum continues..<\/p>\n","protected":false},"excerpt":{"rendered":"