Avalanche is approaching a key breakout zone, backed by strong user activity, bullish chart signals, and rising network inflows.
Avalanche is flashing signs of a major breakout as both price structure and network activity heats up. A bullish engulfing candle, surging on-chain metrics, and rising inflows are catching attention. Market participants are eyeing a possible 30% rally. The AVAX community believes momentum is finally shifting.
AVAX Price Structure Hints at Long-Term Breakout
AVAX Avalanche price is shaping a massive long-term wedge pattern that’s starting to draw serious attention towards it. Analyst CryptoKaleo points out that price has been trading between key support and resistance levels since early 2022, with each bounce growing tighter. This kind of multi-year consolidation often ends in a major directional rally.
Avalanche forms a multi-year wedge pattern as price tightens between key levels, hinting at a major breakout. Source: CryptoKaleo via X
CryptoKaleo believes that AVAX’s market cap hovering below the $10 billion mark does not show the real valuation. For a network processing millions of daily transactions, with rising DeFi traction and a growing real-world ecosystem, that valuation looks undervalued.
Avalanche User Activity Setting New Records
While price structure on the charts remains inside a ranging structure, Avalanche’s on-chain activity is anything but quiet. According to fresh data from Nansen, active addresses on the network surged to nearly 195,000 in just 24 hours, a staggering 80% jump. On top of that, over 1.13 million transactions were processed in the same window, with OpenSea, Tether, and Bybit driving a big chunk of that load.
Avalanche records 195,000 active addresses and over 1.13 million transactions in 24 hours, signaling explosive network growth. Source: Nansen via X
This surge in activity adds weight to the breakout potential. When user metrics spike sharply ahead of major technical levels, it often signals an ecosystem in transition. Whether or not price follows immediately, the foundational data shows that Avalanche is very much alive and possibly gearing up for more than just a relief bounce.
AVAX Triggers Bullish Reversal As Bullish Engulfing Candle Appears
Just as Avalanche’s network fundamentals continue gaining ground, the price chart is starting to reflect that momentum. Analyst TrendFi highlights that AVAX has printed a bullish engulfing candle on the daily timeframe. The setup formed just above a key local support zone near $15.70, where buyers seem to have stepped in with some confidence. Momentum indicator MACD is also starting to turn upward, hinting at the possibility of a short-term reversal.
AVAX prints a bullish engulfing candle near $15.70 support as MACD turns upward, hinting at a possible short-term reversal. Source: TrendFi via X
This technical signal comes right as on-chain activity spikes and price hovers just below the broader wedge resistance. If the bullish engulfing holds and is followed by a move through $18 to $19, the structure could begin shifting in favor of buyers much more quickly.
Avalanche Technical Analysis
Avalanche may be re-entering a rising trendline structure that’s been in play since early 2023. The latest chart shared by Kriptocagdas shows AVAX bouncing off a long-term diagonal support and nudging back into a larger ascending channel. While it’s still early, this kind of reclaim, especially after multiple failed attempts, can be a strong reversal signal, particularly when paired with other technicals and growing network momentum.
AVAX reclaims key trendline support and eyes a breakout above $19.50, with potential upside toward $28. Source: Kriptocagdas via X
Technically, price remains trapped between the $16.50 to $19 range. A confirmed breakout above $19.50, especially with strong volume, could set the stage for a move toward $28 in the medium term. This trendline reclaim also ties in well with the broader wedge pattern and the daily bullish engulfing candle seen recently.
Avalanche Sees Largest Daily Net Inflows
More signs are pointing to rising conviction around Avalanche. According to data shared by Emperor Osmo, over $19 million in net deposits flowed into Avalanche in just 24 hours, easily outpacing every other chain.
Avalanche leads all chains with $19 million in daily net inflows, signaling rising investor confidence. Source: Emperor Osmo via X
This inflow momentum supports the broader technical setups that are emerging around AVAX. It’s already in motion, and this kind of real-time flow tends to fuel both volatility and price movement.
Final Thoughts
Avalanche is quietly building momentum, with rising user activity and strong inflows supporting its recent price action. For a network processing millions of transactions daily and gaining steady DeFi traction, AVAX still looks undervalued. If the price can flip the $19 to $19.50 zone with strong volume, a push toward $28 might not be far off.
Source: https://bravenewcoin.com/insights/avalanche-avax-price-prediction-avax-eyes-30-breakout-as-price-targets-28-zone