Avalanche Price (AVAX) left a channel descending several months in July which drew the attention of many traders and could lead to a strong advance.
The AVAX price has been negotiated on a lower market since December 2023, although the current force suggests an impressive change in the technical structure.
If these external conditions remain favorable, the move could provide a backdrop for a wider rally if the momentum holds, the more the analysts provide higher price targets in the coming weeks.
Channel’s breakup ignites the bullish feeling in Avalanche
The rupture above the descending channel is an upward key technical development for Avax Price Action here in 2025.
Analyst Ali Martinez echoes a similar feeling, explaining that traders could use the current momentum as a launch for a higher momentum, if he first recovered certain key levels.
In particular, a prolonged gain above the $ 26 mark would probably increase the positive configuration and encourage fresh capital on the market.
This assessment is also reproduced by TED pillows. He shared a technical table identifying a convergent declining corner model.
The rupture of this model was clean, signaling a structural change in the lower summits and the action of compressed prices.
According to TED, this escape opens the possibility of a price advance in the $ 32 to $ 32 area in the coming to two weeks, assuming that the current trend remains intact.
BTC pair rupture strengthens technical change
In a distinct observation, Cryptokaleo indicated the Avx / BTC trading pair, which has now broken above a long-standing resistance trend line which has been active since 2021.
This decision leads to significant implications because the AVAX price has struggled to surpass bitcoin in recent years, but this escape has returned everything.
The rupture of the current multi -year structure overthrew its recreational story to the bullish, and this act as a secondary confirmation of the inversion of the Avx / USD trend.
In addition, analyst Planfomo added to the optimistic tone, projecting a potential objective of $ 47 if Avx bursts and maintains above the range of $ 26 to 27.
Although such targets remain conditional to the strength of the sustained market, they highlight the growing confidence in the technical perspectives of Avox Crypto between different analysts.
Chain and derivative metrics indicate growing confidence
The broader trends on the market indicate that the bulls are coming back in force. The funding rates and open interest data indicate that traders are looking towards bullish scenarios.
An increase in the financing rate is generally associated with long traders while an increasing open interest also indicates increased participation. These indications in combination indicate a short -term bias in the Avx price.
