back to $30 - AVAX weekly update August 8 - 14thAvalanche (AVAX) is currently unfolding a highly impulsive Elliott Wave structure across multiple timeframes. According to the updated wave count, the market is in the early stages of Primary Wave 3, which contains Intermediate Wave 3, Minor Wave 3, and we are now completing Minute Wave , a shallow
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AVAX $300+ This CycleAvalanche is killing it and has been ever since it was created. Here is the bullish news just from this week:
- BlackRock's BUIDL and VanEcks RWA fund drive institutional support for the Avalanche ecosystem
- Avalanche launched a bridge for smart contracts with Filecoin
- Avalanche integrated 250M
AVAX/USD – Coiled at the BarrierAvalanche made an attempt above the 200 SMA near $22.10, but failed to punch through the key $22.35–$22.40 resistance. Price is now coiling beneath resistance, with RSI drifting just above 50, suggesting indecision. Until bulls crack that level and hold above, it’s a stall zone with fakeouts likely.
AVAX Bull Run Loading!AVAX is showing signs of a strong bullish setup on the weekly chart, forming a double bottom pattern right at the lower support trendline of a long-term symmetrical triangle. This technical formation often indicates a potential trend reversal when confirmed with breakout and volume support.
Key Poi
AVAX | USDHello!
This is my outlook for AVAX.
Weekly or monthly candle closures above the red price levels could lead us to higher levels.
I hope it can reach the $109 level by the end of the year.
I expect the market to enter a deep correction phase starting from the $54–58 range and ending around the $28–3
AVAXUSD - Possible Correction from Channel ResistanceStructure: Ascending Channel
Indicators: RSI Overbought, Bearish Divergence Forming
📌 Confirmation:
Look for:
A strong bearish candle or
RSI breaking below 60
Volume divergence
Bias: Short-term bearish correction, bullish structure intact as long as price holds the channel.
AVAX Just Broke Out — Now Comes the Real TestAvalanche ripped through key resistance around $20.50, tapping into fresh highs before pulling back. Price is now hovering just above the breakout zone, which has now flipped into potential support. This is the classic retest scenario — either bulls hold the line and reload for a move toward $25–$27
AVAX wait for entryAVAX has been consolidating within the $15–$26 range for the past four months.
Price is currently revisiting the range lows, which also align with the weekly trendline—creating a strong confluence zone.
A bounce is anticipated from this area.
Wait for a confirmed long setup as outlined in the cha
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Frequently Asked Questions
Avalanche (AVA) (AVA) reached its highest price on Apr 2, 2022 — it amounted to 103.63 USD. Find more insights on the AVA price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Avalanche (AVA) (AVA) reached the lowest price of 8.63 USD on Sep 25, 2023. View more Avalanche (AVA) dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
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