AVAX\u2019s current price is $17.88, up 0.50% in the last 24 hours. Source: Brave New Coin<\/a><\/p>\n
AVAX might be nearing the end of its corrective phase. The weekly chart from TrendFi<\/a> shows a well-defined falling wedge<\/a> pattern. Price has been compressing within this wedge for several months, steadily forming lower highs and higher lows. This kind of structure typically builds pressure that eventually resolves upward, especially when volume starts to pick up near the end.<\/p>\n
AVAX is forming a falling wedge pattern, signaling potential upward momentum. Source: TrendFi<\/a> via X<\/p>\n
Currently, AVAX price is trading just above $18, sitting right at the wedge\u2019s lower boundary. The setup becomes more interesting after the flattening of momentum indicators and bullish divergence on the weekly stochastic. If AVAX can push through the descending trendline resistance near $18 to $18.50 and hold above it on<\/a> the weekly close, the next upside targets open around $28 and potentially $48.<\/p>\n
Ty\u2019s<\/a> opinion that AVAX could break $20 this month might not look obvious right now, but technically, it’s starting to get possible. Price has been hovering just below key resistance, with tighter consolidation suggesting a potential move brewing. AVAX is currently sitting around $18, and with the falling wedge setup tightening, a push past $20 could come quickly if momentum shifts.<\/p>\n
The AVAX community is calling for $20 this month. Source: Ty<\/a> via X<\/p>\n
While price action on AVAX is setting up for a breakout, the on-chain activity is already breaking records. As shown by ThaDream L1<\/a>, Avalanche\u2019s C-Chain daily transactions just hit an all-time high, surging past 1.5 million. This isn\u2019t a yearly or monthly peak; it\u2019s the highest ever, signaling that real network demand is heating up fast behind the scenes.<\/p>\n
Avalanche’s C-Chain daily transactions hit an all-time high. Source: ThaDream L1<\/a> via X<\/p>\n
AVAX Avalanche price is holding firm at a well-established base that has historically acted as a launch zone. After breaking out of a falling wedge structure, the price is consolidating above $18 with signs of accumulation. This area has served as support multiple times and sets the foundation for a potential recovery leg. If momentum continues building here, the path toward retesting the $24\u2013$28 region opens up next.<\/p>\n
While $50 is still a distance away, crypto analyst BullSignal<\/a> believes it remains a major technical milestone. That level marked the breakdown zone from previous cycles and serves as a natural magnet if bulls can sustain pressure. But before that happens, AVAX price needs to clear local resistance and prove the current base is more than just a pause.<\/p>\n
The AVAX\/BTC pair is now approaching a pivotal<\/a> descending trendline support that has held price in check for over a year. A reaction from this level is expected, and if it follows through, it could align with the developing strength on AVAX\/USDT. This convergence between the BTC and USD pairs would mark a meaningful shift in momentum across the board.<\/p>\n
Both AVAX\/USDT and AVAX\/BTC are showing signs of a potential reversal ahead. Source: BullSignal<\/a> via X<\/p>\n
AVAX is on the verge of a potential breakout, with strong technical patterns and record-high on-chain activity signaling growing momentum. If it can clear key resistance levels, AVAX Price Pridiction could see a move<\/a> towards $28, with room for $50 in reach as well.<\/p>\n","protected":false},"excerpt":{"rendered":"