NewsBTC
Dec 2, 2025
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Avalanche’s Wolfe Wave Pattern Predicts Imminent Breakout Potential

Avalanche (AVAX) Technical Analysis:

  • AVAX is forming a Wolfe Wave pattern, suggesting an imminent strong directional move.
  • The asset is testing a descending weekly trendline, a significant resistance level.
  • A breakout above this trendline could confirm bullish momentum; failure may lead to consolidation.
  • The $11–$8 range is considered a strong support zone for long-term accumulation.

Historical Context:

  • Current market conditions resemble those of September 2023 before a significant rally.
  • If AVAX follows historical patterns, a bullish breakout is possible.
  • Continued monitoring of price action and market sentiment is crucial.

Market Status:

  • AVAX currently trades around $13.06 with a market cap of approximately $6.3 billion.
  • 24-hour trading volume ranges between $428 million and $445 million, showing strong interest.

Avalanche