Avalanche (AVAX) Poised for Breakout? A Solana (SOL) Fractal Suggests an Upside Move
Market Overview
Solana ($SOL) continues to attract significant attention in the cryptocurrency market, posting a robust 12% gain over the past week. This rally follows a textbook technical setup on the 4-hour chart, signaling further bullish momentum.
Interestingly, Avalanche (AVAX) is now showing a remarkably similar chart pattern, suggesting it could be preparing for a comparable upside move.
Fractal Analysis: Solana and Avalanche
Solana (SOL) Technical Breakout
On the left side of the comparative chart, Solana recently broke above a critical resistance level at $136 and is now trading around $139. This move aligns with the classic accumulation → manipulation → expansion pattern:
Accumulation: A prolonged period of sideways consolidation.
Manipulation: A brief liquidity sweep shaking out weak hands.
Expansion: A sharp breakout to the upside.
With the initial breakout confirmed, bulls are now eyeing the next significant resistance near $149 — representing a potential 10% gain from the breakout level.
Avalanche (AVAX) Mirroring the Pattern
On the right side of the chart, Avalanche appears to be following an identical structure. After forming a base in the accumulation zone and undergoing a manipulation phase, AVAX looks primed for an expansion move.
The key level to watch is the accumulation high near $21. A breakout above this resistance could propel AVAX toward its next target at $23.48, marking an anticipated 11.78% increase from the breakout point.
Conclusion: Momentum Building for AVAX
Solana has already confirmed its bullish breakout, supported by a strong technical structure and upward momentum. Avalanche is now approaching a similar juncture.
If $AVAX can breach the $21 resistance zone, it may follow SOL’s trajectory and deliver a comparable breakout rally. Both tokens are exhibiting the accumulation-to-expansion setup favored by technical analysts.
While short-term prospects appear promising, traders are reminded to implement solid risk management strategies in these highly volatile markets.
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