- AVAX is trading around $22.68 following a 6% increase, with rising accumulation in a corrective Elliott Wave structure.
- The bullish momentum and the possibility to extend the wave iii depends on the support of the $14.60-12.50 zone that is still critical.
- Market data shows $9.66B capitalization and strong trading volume, indicating renewed investor confidence.
Avalanche (AVAX) will soon face a crucial technical crossroad, where the price action and market are moving towards key points of support. Recent tendencies show that the following several meetings may determine whether AVAX continues to move in the right direction or will plunge into a long corrective process.
AVAX Chart Structure Signals a Critical Turning Point
Avalanche (AVAX) currently stands at a key technical crossroads where the medium- to long-term structure could shift direction. The 4-day chart from More Crypto Online (@Morecryptoonl) presents an Elliott Wave setup where the ongoing retracement may represent the final stages of a wave ii correction. The next support levels lie at $14.60 and $12.50, which are expected to maintain the asset’s bullish potential if the recent Friday low continues to hold.
Since early 2022, AVAX’s broader price pattern has followed a complex corrective sequence. The wave (a) formed a solid foundation at around $9.00-10.00 in mid-2023 and wave (b) formed a high of approximately $65.00 in early 2024. The most recent corrective movement, which lies in this framework, perhaps outlines the basis of a new impulsive phase should support levels not be broken.
The descending channel observed on the chart defines the corrective wave (ii) boundary. Within it lies a critical Fibonacci retracement zone between $16.85 (61.8%) and $12.53 (78.6%). This zone aligns with prior reaction lows, creating a convergence of technical support. A sustained defense of this area could confirm the start of wave (iii), while a breakdown below $12.50 would invalidate the bullish count and extend consolidation into 2026.
Technical and Market Data Reinforce Support Zone Importance
AVAX has been recently indicated to have risen by 6.0% per day, where it trades at $22.68 in a daily fluctuation of $20.84-$23.24. The increase is a sign of a new buying interest meaning that market players could be positioning in anticipation of a potential trend confirmation. The sudden reversal of intraday lows indicates that there is an accumulation pressure as the sentiment in the altcoin market improves.
AVAX is now a market capitalized company with a fully diluted valuation of $10.41 billion and a market capitalization of AVAX of $9.66 billion. It shows that around 93$% of the total supply of the token is already in circulation and so the risk of inflation is low compared to newer Layer-1 networks. There is also an increased volume of 24-hour trading which has hit high levels at $1.45 billion, with high liquidity rates and investor participation currently.
This upward price, upward volume and constant market structure are silver bullets that support the case of consolidation at the present range. The traders are keeping a close watch on the ability of AVAX to maintain a momentum of above $21 as it tries to clear the level of $23.50-$24.00 resistance.
Wave Projections Suggest Major Upside if Support Holds
In case wave (ii) finishes in the existing range, the chart shows a broad wave iii rally whose Fibonacci extension levels are at $115, $168 and $230. These estimated levels are aligned with the important resistance points in the past market cycles. However, a confirmed breakout above $30–$35 would be required to validate the start of a longer-term bullish phase.
Avalanche’s tokenomics remain supportive of this potential scenario. With $426.3 million tokens circulating out of a total supply of $459.6 million, and a capped maximum of 720 million, dilution pressures appear manageable. Such maturity in supply structure often contributes to price stability and long-term accumulation by institutional players.
The range of continuation and correction between the $14.60 and $12.50 forms the structural hinge as of today. Ranging above this area would trigger the next frenzied push at triple-digit price levels, and failure would not bring lasting recovery until investor confidence is restored.
