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06/16 15:42Tăng giá
AVAX Price Outlook
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The Avalanche price is trading near $7.07 as it consolidates within a falling wedge pattern that capped price action since early 2026.
However, the falling wedge is a bullish reversal pattern in technical analysis. The target objective is determined by measuring the technical formation’s maximum height and superimposing it at the expected breakout point.
With price now challenging the 50-day EMA cluster near $7.44, immediate support rests at the lower boundary of the technical formation at $6.22.
Increased buyer momentum above current levels would see the AVAX price test the 50-day EMA before confronting the confluence resistance between the 100-day EMA and the upper boundary of the falling wedge at $8.29.
A confirmed move above this level could activate the 49% rally, with the AVAX price potentially extending gains to $13.08.
Based on the volume profiles (green horizontal bars), bulls are waiting to interact with the Avalanche price above the falling wedge, adding credence to the prospective 49% climb.
The Relative Strength Index (RSI) trajectory also shows growing momentum, with the bullish crossover above its signal line (yellow) indicating a green signal for AVAX.
Conversely, loss of $6.22 support would shift focus back to the lower range, potentially forming a lower low. A decisive daily close below this area would invalidate the bullish structure and open the door for a leg lower.
The RSI below 50 is also concerning, indicating that while momentum continues to build, the bears still hold the upper hand.
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