Avalanche Coils For Impact: This Indicator Signals A Massive Move Ahead

Source Newsbtc

Avalanche (AVAX) is coiling for a massive move. A potent Wolfe Wave pattern is forming alongside a test of a key weekly trendline. This structural confluence signals that the market is reaching a point of maximum compression, indicating that a significant directional breakout is imminent.

Wolfe Wave Formation Signals Strong Future Move

According to a recent technical analysis by BeLaunch, AVAX is shaping a notable Wolfe Wave pattern, a formation known for sparking strong directional moves once completed. This developing structure reflects tightening price action and growing pressure within the market, hinting that a significant breakout could be on the horizon.

At the same time, Avalanche is pressing against a descending weekly trendline that has consistently acted as a major resistance level. A breakout above it would reinforce the bullish implications of the Wolfe Wave, while a rejection could force the asset back into a prolonged consolidation.

Avalanche

For those eyeing long-term accumulation, BeLaunch points to the $11–$8 range as the most compelling buy zone. This region could provide strong support and aligns with key structural levels, making it an attractive opportunity for investors preparing for the next potential upside cycle.

Historical Precedent: The September 2023 Rally Setup

BeLaunch went on to highlight that the current Avalanche setup closely mirrors the conditions seen in September 2023, just before a major rally unfolded. The resemblance between the two periods offers a valuable historical reference, suggesting that the market may once again be preparing for a significant move.

The analysis emphasizes that the same pattern is taking shape once again, increasing the probability of an upward move if price action aligns with previous behavior. Repeated technical scenarios often carry weight because markets tend to respond consistently under familiar conditions. If AVAX continues to respect this structure, it could set the foundation for a potential bullish breakout.

BeLaunch also noted the importance of continued monitoring as the pattern progresses. Tracking price action, market sentiment, and overall momentum will be crucial in determining whether the bullish outlook gains confirmation. Any future decisions or expectations will rely on clear signals from the pattern as well as shifts in broader market dynamics.

Avalanche is currently trading around $13.06, reflecting a mild intraday pullback as the market adjusts to recent volatility. With a market capitalization of approximately $6.3 billion, AVAX remains one of the notable assets in the broader crypto landscape. Trading activity has been strong, with its 24-hour volume sitting between $428 million and $445 million, signaling ongoing interest from both short-term traders and long-term participants.

Avalanche
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
US Dollar's Decline Predicted in 2026: Morgan Stanley's Outlook on Currency VolatilityMorgan Stanley forecasts a 5% drop in the dollar by mid-2026, attributed to continued Fed rate cuts. A recovery may follow as growth improves and funding currency dynamics shift favorably toward the euro and Swiss franc.
Author  Mitrade
Nov 25, Tue
Morgan Stanley forecasts a 5% drop in the dollar by mid-2026, attributed to continued Fed rate cuts. A recovery may follow as growth improves and funding currency dynamics shift favorably toward the euro and Swiss franc.
placeholder
MediaTek Shares Post Best Week Since 2002 on Google AI PartnershipMediaTek Inc. is heading for its strongest weekly performance in over two decades, fueled by growing investor optimism around the Taiwanese chipmaker's collaboration with Google on artificial intelligence technology.
Author  Mitrade
Nov 28, Fri
MediaTek Inc. is heading for its strongest weekly performance in over two decades, fueled by growing investor optimism around the Taiwanese chipmaker's collaboration with Google on artificial intelligence technology.
placeholder
JPMorgan Projects Strong Growth for European Tech Hardware and Payments in 2026 JPMorgan sets a bullish outlook for 2026, forecasting a multi-year recovery in semiconductor equipment and selective growth in device makers, highlighting ASML, Adyen, and Nokia as top investment picks.
Author  Mitrade
21 hours ago
JPMorgan sets a bullish outlook for 2026, forecasting a multi-year recovery in semiconductor equipment and selective growth in device makers, highlighting ASML, Adyen, and Nokia as top investment picks.
placeholder
Silver Extends Record Rally on Supply Squeeze and Rate-Cut BetsSilver surged to a new high on Monday, extending a record-breaking rally as traders bet on persistent supply tightness and rising expectations for U.S. interest-rate cuts. Gold held steady.
Author  Mitrade
21 hours ago
Silver surged to a new high on Monday, extending a record-breaking rally as traders bet on persistent supply tightness and rising expectations for U.S. interest-rate cuts. Gold held steady.
placeholder
U.S. Dollar Weakened by Dismal Manufacturing Data; Rate Cut Expected This MonthThe U.S. dollar remains under pressure as disappointing manufacturing data heightens expectations for a rate cut by the Federal Reserve at its upcoming meeting on December 10. Manufacturing PMI fell to 48.2, marking the ninth consecutive month of contraction.
Author  Mitrade
5 hours ago
The U.S. dollar remains under pressure as disappointing manufacturing data heightens expectations for a rate cut by the Federal Reserve at its upcoming meeting on December 10. Manufacturing PMI fell to 48.2, marking the ninth consecutive month of contraction.
goTop
quote