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<p><a href="https://captainaltcoin.com/avalanche-avax-and-ordi-charts-signal-potential-price-rally-what-to-watch/" target="_blank" rel="noopener noreferrer nofollow">Avalanche (AVAX)</a> and FET are gaining attention due to bullish breakouts from critical chart patterns. AVAX has broken out of a falling wedge, while FET has confirmed an upside breakout from a descending broadening wedge.&nbsp;</p>
<p>These breakouts may signal strong upward momentum for both assets in the near term.</p>
<h2 class="wp-block-heading" id="strong-avax-breaks-out-of-falling-wedge-strong"><strong>AVAX Breaks Out of Falling Wedge</strong></h2>
<p>According to Captain Faibik, an analyst, Avalanche (AVAX) is exhibiting bullish strength following its breakout from a falling wedge pattern on a 3-day timeframe.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$AVAX</a> <a href="https://twitter.com/hashtag/AVAX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#AVAX</a> is Breaking out of Falling Wedge with Strong Bullish Volume.. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/ghC01CkjG3" target="_blank" rel="noopener noreferrer nofollow">https://t.co/ghC01CkjG3</a> <a href="https://t.co/TvF3eBr8sW" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/TvF3eBr8sW</a></p>— Captain Faibik <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1837006232856543520?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 20, 2024</a>
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<p>The falling wedge, typically a reversal pattern, consists of a downward-sloping resistance line and a similar support line. The breakout above the upper resistance line suggests a potential trend reversal, shifting the momentum from bearish to bullish.</p>
<p>The breakout has initiated a new support range between $25 and $26, which was previously the resistance level of the wedge. <a href="https://themarketperiodical.com/2024/09/20/avax-price-gaining-momentum-to-surge-to-advance-to-higher-levels/" target="_blank" rel="noopener noreferrer nofollow">AVAX is currently still eyeing a massive pump</a>, with the intended price spike pegged at $71.50, meaning there is a potential 183.07% from its current price which is around $28.17.</p>
<p>However, AVAX faces resistance at key levels. The first challenge lies around $31.50, where previous price consolidation occurred. Beyond this, the price may encounter strong resistance between $45 and $50, which served as a critical zone in previous price movements. If AVAX maintains its bullish momentum, it could ultimately reach the $71.50 target.</p>
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<p><strong><em>Read also:</em></strong><a href="https://captainaltcoin.com/is-solana-sol-price-set-for-a-move-toward-800/" target="_blank" rel="noopener noreferrer nofollow"><strong><em> Is Solana (SOL) Price Set for a Move Toward $800?</em></strong><br></a></p>
<h2 class="wp-block-heading" id="strong-fet-confirms-upside-breakout-strong"><strong>FET Confirms Upside Breakout</strong></h2>
<p>Further analysis by Captain Faibik indicate that FET has broken out from a descending broadening wedge pattern, signaling potential bullish continuation. A descending broadening wedge typically indicates a reversal, and FET’s breakout above the upper trendline suggests a possible shift from its previous downward trajectory.</p>
<p><a href="https://www.coingecko.com/en/coins/artificial-superintelligence-alliance" target="_blank" rel="noopener noreferrer nofollow">FET is currently supported </a>around $1.40, which aligns with the breakout level. The immediate resistance lies between $1.70 and $1.75, where the price is hovering post-breakout. However, the medium-term target for FET is much higher, with projections pointing towards $3.90.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$FET</a> Descending Broadening Wedge Upside Breakout is finally Confirmed..<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>Midterm Target : 3.90$<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/FET?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#FET</a> <a href="https://twitter.com/hashtag/FETUSDT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#FETUSDT</a> <a href="https://t.co/QF4xkcVSWk" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/QF4xkcVSWk</a></p>— Captain Faibik <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f43a.png" alt="🐺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1837005841112728023?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 20, 2024</a>
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<p>Reaching the $3.90 target would require overcoming interim resistances at $2.00 and $2.50. These levels are crucial psychological and historical resistance zones that could affect the asset’s ability to continue its bullish run.</p>
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<p>The post <a href="https://captainaltcoin.com/avalanches-price-eyes-potential-183-rally-can-fet-hit-3-90-after-breakout/" rel="noopener noreferrer nofollow">Avalanche’s price Eyes Potential 183% Rally: Can FET Hit $3.90 After Breakout?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Avalanche’s price Eyes Potential 183% Rally: Can FET Hit $3.90 After Breakout?

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