Avalanche

Date:&nbsp;Sun, March 16, 2025 | 03:48 AM GMTIn the cryptocurrency market today, Avalanche (AVAX) is back in the spotlight with a noticeable price jump of over 5%, fueled by key accumulation and early signs of broader market stabilization. This comes after a heavy downtrend that followed the late 2024 rallies, during which AVAX suffered a steep drop of more than 60% over the past 90 days.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/781f839f192842759e134002a65cc148.png">Source: CoinmarketcapHowever, with this fresh accumulation and the current technical setup, AVAX could now be gearing up for a potential recovery in the days ahead.<h3 id="accumulation-by-world-liberty-financial">Accumulation by World Liberty Financial</h3>AVAX’s recent surge is largely fueled by significant institutional buying from Donald Trump’s financial initiative, World Liberty Financial (WLF). On-chain data from <a href="https://x.com/lookonchain/status/1901095368479445232" rel="noopener noreferrer nofollow">Lookonchain </a>shows that WLF recently purchased 103,911 AVAX ($2M) and 2.45M MNT ($2M), signaling strong confidence in Avalanche’s long-term potential.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/0389e54cd139481d97145d15e77d65af.png">Source: @lookonchain (X)The growing interest from WLF suggests that major players see AVAX as an undervalued asset. If this accumulation trend continues, it could act as a key catalyst for further price appreciation, helping AVAX enter a recovery phase after its prolonged correction.<h3 id="is-a-breakout-on-the-horizon">Is a Breakout on the Horizon?</h3>A look at AVAX’s daily chart reveals a falling wedge pattern, a classic bullish reversal setup. This pattern started forming after AVAX was rejected from the December 4 high of $55. The prolonged downtrend saw AVAX plunge over 72%, reaching a low of $15.33 on March 11. However, that level appears to have sparked a bounce.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/e3afde3dbfdb41cb86832f5117b0b78c.png">Avalanche (AVAX) Daily Chart/Coinsprobe (Source: Tradingview)Currently, AVAX is trading around $19.68, climbing towards the upper resistance of the falling wedge. A successful breakout and retest could see AVAX targeting the next key resistance at $27, which aligns with the 50-day moving average (50D MA).A decisive breakout above this level could push AVAX toward the 200-day moving average (200D MA) and the $36 price zone, marking a potential 84% increase from current levels.<h3 id="final-thoughts">Final Thoughts</h3>AVAX is showing signs of strength after a heavy downtrend, with institutional accumulation and technical patterns hinting at a potential breakout. While the price remains in a falling wedge, a breakout above $27 could trigger a significant recovery. However, failure to break resistance may result in further consolidation before any major move.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/icp-and-pol-approaches-falling-wedge-resistance-could-breakout-spark-a-recovery/" rel="noopener noreferrer nofollow">ICP and POL Approaches Falling Wedge Resistance – Could Breakout Spark a Recovery?</a>

Avalanche (AVAX) Jumps as Trump’s World Liberty Accumulates – Is a Breakout on Horizon?

目录

CoinsProbe

发布于 2025年3月16日的其他文章

$XRP Sees Breakout from Years-Long Symmetrical Triangle, Targets $15

Best Cryptos to Invest in This Weekend: Qubetics Soars, Tron Strengthens And Cosmos Gains Traction

Top Token Unlocks to Watch Next Week for Potential 50X Returns in 2025

Four suspects charged in home invasion of streamer Amouranth

Polkadot ($DOT) Nears Enormous Breakout Following Extended Accumulation

Top Websites to Discover Crypto Airdrops

订阅我们免费的电子期刊，获取每日最新加密领域动态！