Avalanche (AVAX): Why I Don’t Expect Anything Big From This Chart

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A Closer Look at the AVAX Chart

At first glance, the long-term weekly chart of Avalanche (AVAX) shows a classic symmetrical triangle pattern. But despite the technical formation, I have to be honest—I don’t expect anything big to come from this setup, at least not anytime soon.

Key Observations:

Price Compression: The triangle pattern is getting tighter, but instead of signs of accumulation, we’re seeing low conviction in price movements. There’s no explosive volume buildup that typically precedes a breakout.

RSI Weakness: The RSI sits at 44.27, which is in the neutral-to-bearish zone. It suggests a lack of strong buying momentum and does not support a bullish breakout narrative at this time.

Volume Decline: Look at the volume profile—there’s simply no excitement. This lack of participation from both bulls and bears signals uncertainty, not opportunity.

Macro Resistance Zone: Even if AVAX were to break out of this triangle, it faces significant resistance around the $30–$35 level, and prior rallies have failed to maintain momentum above this.