Updated On: Mon, Oct 27, 2025 | 05:10 PM GMT
The broader cryptocurrency market is showing strong upside momentum as both Bitcoin (BTC) and Ethereum (ETH) trade in green, posting 24-hour gains of 2% and 3%, respectively. This bullish sentiment across the majors is allowing potential upside in leading altcoins — including Avalanche (AVAX).
AVAX is up by 2% today, and its latest price structure is now displaying a key harmonic pattern that hints at a potential upside move in the coming sessions.
Cypher Harmonic Pattern in Play
On the 4-hour chart, AVAX is currently forming a Bearish Cypher harmonic pattern — a complex structure that, despite its name, often precedes a bullish recovery during the CD leg before reaching the final reversal zone.
The pattern originated at Point X ($24.04) before dipping to Point A, rebounding toward Point B, and then sharply retracing down to Point C ($18.46). Since then, AVAX has begun to recover steadily, now trading near $20.71.
What’s encouraging for the bulls is that AVAX has reclaimed the 50-hour moving average (MA) at $19.93, signaling that short-term buying pressure is returning. The next key resistance sits at the 100-hour MA, around $20.79 — a crucial level that could determine whether the ongoing recovery transforms into a broader bullish breakout.
What’s Next for AVAX?
If buyers maintain control and push prices above the 100-hour MA, the Cypher harmonic setup points to potential targets in the $22.97 to $24.04 zone — aligning with the 0.786 to 1.0 Fibonacci extension levels. This area represents the Potential Reversal Zone (PRZ), where the harmonic pattern would typically complete and where traders often start securing profits.
However, if AVAX fails to sustain above the 50-hour MA, short-term weakness could lead to sideways consolidation before any fresh upward attempt resumes.
Overall, the technical setup looks constructive. As long as the broader crypto market continues its recovery, Avalanche (AVAX) appears well-positioned for a potential push toward the higher end of its harmonic structure.
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