The resilience and short-term recovery signs seen in the price of Avalanche (AVAX) at important support levels in recent days are attracting the attention of investors again. AVAX, which is traded around $ 9.52, has gained 4.7 percent in the last 24 hours. The market’s holding at this price level increases expectations for a possible upward movement.
Technical Analysis: Trend Line Break and Recovery Signals
From a technical perspective, the falling trend line break experienced by AVAX in the short time period is seen as a sign that the direction may change in the short term. In the chart shared by analyst Behdark, it is stated that the correction process has been completed and the recovery phase has begun. After the exit zone, it is predicted that the price may first target the $ 10.37 resistance and then the $ 11.15 level.
In case of pullbacks, the $9.20-$9.00 range is carefully monitored for those who want to repurchase as long as the current market structure is maintained. On the other hand, it is emphasized that if the price falls below $ 8.45, the recovery expectation will weaken and the downward trend will continue.
Wyckoff Model: Accumulation Phase Strengthens
In another analysis supporting the market recovery scenario, Brilliantpanicc evaluates the price movement of AVAX according to the Wyckoff method. According to this model, the price appears to have exited the distribution period and entered an accumulation phase between $9.50–$8.00. It is then stated that in this process, which may form the basis of the rise, the sales pressure decreases and the demand from buyers increases.
Brilliantpanicc’s analysis suggests that the AVAX price is nearing the end of its accumulation phase and preparing for a new upward move.
With the completion of this phase, the price is expected to rise with a stronger momentum. The current structure gives the first signals of recovery rather than a continuing decline.
Macro View and Market Chart
In another evaluation that stands out from a long-term perspective, Vuori Trading shows that AVAX has steadily established a base between $ 3 billion and $ 4 billion. This consolidation process, which has exceeded 1,600 days, reveals that the price has found strong support in this region.
According to Vuori Trading’s Fibonacci-based predictions, AVAX has the potential to reach high market value targets such as $ 57 billion and $ 164 billion in the future. Although these projections are long-term, it is observed that the price movement has formed a permanent base in the current situation.
Regulatory Developments and Key Dynamics
On the fundamental side, it is noteworthy that the Avalanche platform has recently come to the fore under the title of “digital commodity” in regulatory discussions. According to the official Avalanche account, considering AVAX as a commodity along with assets such as Bitcoin and Ethereum stands out as a development that may increase institutional interest in the long term.
In Avalanche’s statement, it is stated that this definition does not yet directly affect the price, but it may positively affect market confidence and corporate approach.
Liquidity Zones and Critical Levels
While the $8.80 region constitutes a strong buyer base in current price movements, it is stated that if this level is broken downwards, new movements may occur towards low-liquidity areas. On the other hand, it is predicted that volatility may increase and the price may fluctuate more sharply as we approach the supply zone between $9.70–9.80.
Market Perception and Future Outlook
With the latest developments, the AVAX market has begun to move away from the sharp downward pressure and show signs of recovery. The break above the trend line and the rising bottom formation indicate that buyers are starting to become more effective in the market.
However, for this uptrend to be confirmed, the price must break through key resistance points and continue the current momentum. At this stage, the market trend is cautiously optimistic, while confirmation of a stronger return is awaited.
