Here's Why the AVAX Price May Continue Increasing | Credit: Hameem Sarwar
Share
Key Takeaways
Avalanche (AVAX) broke out from the $26.50 resistance area.
AVAX is in wave three of a five-wave upward movement.
Will Avalanche reach a new cycle high before the end of 2025?
Avalanche (AVAX) is showing signs of life again after clearing the $26.50 resistance level.
The move has traders eyeing a potential parabolic rally, with technical indicators and wave patterns suggesting this could be AVAX’s strongest breakout in more than a year.
Avalanche Price Breaks Out
The AVAX price has increased since falling to a low of $14.65 on April 7. The upward movement was initially gradual, but accelerated once AVAX created a higher low in June.
Despite the bounce, the AVAX price repeatedly failed to break out from the $26.50 horizontal resistance area, which turned down every breakout attempt.
This all changed last week, when the Avalanche price created a bullish engulfing candlestick and broke out from the resistance area, hitting a 225-day high of $31.23.
Get These Top Crypto Casino Offers Now!
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Momentum indicators support the breakout. The Relative Strength Index (RSI) is above 50, and the Moving Average Convergence/Divergence (MACD) turned positive.
The previous time this happened, the Avalanche price increased by more than 200%.
Combined with the positive price action, the AVAX price prediction is extremely bullish.
Why Is AVAX Going Up?
The wave count aligns with the price action and indicator readings, giving an extremely bullish Avalanche price prediction.
According to the count, AVAX is in sub-wave three (black) of wave three (green), which is usually the most rapid portion of the upward movement.
If this is the case, the Avalanche increase will soon become parabolic, hitting a target of at least $48.10.
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.
