Avalanche (AVAX/USD) Market Sustains Bullish Bias With Upward Momentum In Play
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Avalanche Price Prediction – August 26
AVAXUSD market sustains bullish bias with upward momentum in play. The AVAXUSD pair is demonstrating renewed strength, with its price action aligning with bullish market sentiment.
The 9-day SMA (Simple Moving Average), currently near $24.260, is acting as dynamic support, while the MACD (Moving Average Convergence Divergence) histogram maintains positive traction with signal lines holding above the zero axis. This technical alignment underscores sustained buying interest, suggesting that market participants are positioning for further gains.
AVAX/USD Market Key Levels
Resistance: $26.550, $30.000 $33.020
Support: $22.770, $20.000, $17.280
AVAX/USD – Daily Chart
The daily chart for AVAXUSD shows a bullish rally alongside a rising trendline.
The pair has respected its ascending trendline and successfully bounced from the $22.770–$23.680 demand zone. The bullish Change of Character (CHoCH) marked earlier reinforces the ongoing shift in momentum, while the most recent higher low validates continued structural integrity. Price rejection from the $26.550 resistance was only temporary, highlighting that demand pressure remains active within the market.
What is the projection for AVAXUSD market?
Looking ahead, the pair is positioned to challenge the $26.550 barrier, and a decisive break above this level could accelerate bullish momentum toward $30.000. Sustained strength above $30.000 would open the pathway to the $33.020 level as the next upside target. On the downside, only a break below $22.770 would weaken this bullish outlook, but as long as the ascending trendline holds, AVAXUSD remains tilted toward higher valuations.
Avalanche Price Analysis Points to Complex Corrective Structures with Elliott Wave Theory
In this detailed update on Avalanche’s (AAX) price chart, the analyst provides an in-depth technical analysis using Elliott Wave Theory and classic chart patterns to evaluate the cryptocurrency’s near-term trend potential. The video starts by revisiting a previous price level around $20, identified as a possible corrective low. The key focus is on wave structures, especially distinguishing between impulsive and corrective Elliott Wave patterns, including impulsive five-wave sequences, leading diagonals (both wedge and expanding types), and ABC corrective patterns such as running flats and zigzags.
The analyst highlights that the recent price action shows overlapping waves, which disqualifies a purely impulsive structure and narrows the possibilities to either an expanding leading diagonal or a wedge-like leading diagonal. However, the wave counts do not perfectly fit these patterns, suggesting potential complexity or alternative corrective structures. This leads to the hypothesis that the correction may have started earlier and takes the form of a running flat ABC pattern.
Avalanche (AVAX) Current Statistics
The current price: $23.680
Market Capitalisation: $9,820,000,000
Trading Volume: $868,380,000
Place winning AVAX/USD trades with us. Get AVAX here
