Avalanche’s channel contained an A-B-C structure (red) where waves A and C have the same length.
So, after the AVAX price bounced in April (green icon), it confirmed its correction is over.
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A brief scare in June occurred when Avalanche fell below the $20.70 horizontal support area. However, the ensuing bounce took the price back on track.
Today, the AVAX price attempts to close above the channel’s midline. Doing so will be the final confirmation that the price action needs to signal a breakout has started.
Circling back to the wave count, the AVAX price is in wave three of a five-wave upward movement that will cause a breakout from the channel.
If that happens, the primary targets for the rally’s top are $74 and $110, respectively, created by the proportions of the previous rally.
Momentum indicators are also bullish. The Relative Strength Index (RSI) crossed above 50 while the Moving Average Convergence/Divergence (MACD) made a bullish cross.
The final confirmation of this bullish signal will come if the MACD crosses above 0.
So, the Avalanche price prediction for the rest of 2025 is bullish, and a massive AVAX rally could occur soon.
Parabolic AVAX Rally
Zooming in on the daily time frame reiterates that AVAX is on the verge of a parabolic rally that will take the price to new highs.
Firstly, Avalanche is on wave three of a five-wave upward movement (green), the most parabolic portion of any impulsive rally.
The sub-wave count also shows signs of vertical accumulation, since sub-wave four creates higher highs and lows.
Finally, the price action shows signs of creating a parabolic ascending support trend line, confirming all the implications of the wave count.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
