Avalanche (AVAX) and NEAR Protocol (NEAR) are currently exhibiting technical patterns that could signal potential bullish reversals. Both cryptocurrencies are approaching the resistance levels of falling wedge formations—a pattern often associated with upcoming price breakouts.

**Avalanche (AVAX) Technical Overview**

As of March 13, 2025, AVAX is trading at $19.03, reflecting a slight increase of approximately 0.066% from the previous close. The day's trading range has seen a high of $19.25 and a low of $17.63.

Technical analysis indicates that AVAX has been consolidating within a falling wedge pattern on the daily chart. This pattern is characterized by converging trendlines that slope downward, suggesting a potential bullish reversal upon a breakout above the upper resistance line. Analysts have identified key resistance levels at $29.25 (0.236 Fibonacci retracement), $36.13 (0.382), and $41.68 (0.5), which could serve as potential targets post-breakout. citeturn0search1

**NEAR Protocol (NEAR) Technical Overview**

NEAR is currently trading at $2.64, marking an increase of approximately 0.082% from the previous close. The intraday trading range has fluctuated between a high of $2.65 and a low of $2.39.

Similar to AVAX, NEAR is also forming a falling wedge pattern on its weekly chart. The token is approaching a critical resistance level around $3.55. A successful breakout above this resistance could propel NEAR towards the $4.00 mark. However, the lack of significant social media buzz and market attention may pose challenges to sustaining such an upward move. citeturn0search2

**Market Sentiment and Considerations**

Both AVAX and NEAR are at pivotal junctures where their price actions could dictate future trends. The formation of falling wedge patterns in both cryptocurrencies suggests potential bullish reversals, but confirmation through breakouts above their respective resistance levels is crucial. Traders and investors should monitor these developments closely, considering both technical indicators and broader market sentiments before making investment decisions.

navlistAVAX and NEAR Approach Key Resistance Levels Amid Falling Wedge Patternsturn0search0,turn0search2,turn0search4

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