Date: Sun, Aug 17, 2025 | 04:32 PM GMT
The cryptocurrency market is staging a recovery after its initial pullback. Ethereum (ETH), which slipped to $4,375 earlier, has now rebounded to $4,550, lifting sentiment across major altcoins — including Avalanche (AVAX).
AVAX gained over 4% today and is now flashing a bullish technical setup that looks strikingly similar to the breakout structure recently seen in Chainlink (LINK).
AVAX Mirrors LINK’s Breakout Structure
Chainlink’s chart provides a clear reference point. After shaping a classic falling wedge pattern — a well-known bullish reversal formation — LINK briefly corrected but quickly regained strength by bouncing from the 200-day moving average and reclaiming the 265-day moving average. That confirmation of support ignited a powerful 52% rally in just days.
Now, AVAX is starting to trace the same path.
The token has already broken out of its own falling wedge and, like LINK, experienced a minor pullback that retested the 200-day moving average before bouncing higher. AVAX is now pressing against the 265-day moving average resistance, the very level that triggered LINK’s explosive move.
What’s Next for AVAX?
To validate this bullish fractal, AVAX must maintain support above the 200-day MA and secure a decisive breakout above the 265-day MA at $26.54. A strong push through this zone, backed by expanding volume, could pave the way for a rally toward the $38 region — mirroring LINK’s surge.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.