Date: Tue, Sept 09, 2025 | 07:30 AM GMT
The cryptocurrency market is showing strength after Ethereum (ETH) displayed resilience at the $4,300 level, now hovering around $4,375 after retreating from its recent high of $4,953. Following this, major altcoins are beginning to show upside potential — including Avalanche (AVAX).
AVAX is back in the green today, and more importantly, its chart is now displaying a key pattern formation that hints at a potential breakout in the sessions ahead.
Ascending Triangle in Play
On the daily chart, AVAX is shaping an ascending triangle, a well-known bullish chart formation that typically signals a continuation of an uptrend.
The latest rejection from the neckline resistance zone near $26.83 pulled the price lower toward its support base around $22.66. However, buyers stepped in quickly and defended that level convincingly, sparking a rebound. This recovery helped AVAX reclaim its 50-day moving average ($23.97), with the token now trading around $26.04, showing early resilience.
This setup is characterized by a series of higher lows pressing against a horizontal resistance, creating pressure that often resolves with a sharp breakout to the upside.
What’s Next for AVAX?
From here, price action is gearing up for a breakout attempt from the neckline resistance at $26.83–$27.40. A successful close above that barrier, especially with strong trading volume, would confirm bullish momentum and potentially open the door for a rally toward the technical target of $38.05, based on the triangle’s measured move projection.
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