Is the AVAX King Back? A Key Technical Breakthrough is Imminent!

Avalanche ($AVAX) is back in the mainstream spotlight!

The current price has risen to $21.92, with a 24-hour trading volume of up to $565 million, driven by the subtle onset of 'Altcoin Season'.

What do I think?

From a technical perspective, AVAX has recently achieved a significant breakthrough of the descending wedge pattern since April, and a larger signal is:

The 4-hour MACD has strongly broken through the zero line, indicating a return of buying momentum and a noticeable improvement in sentiment.

If the price steadily holds above $25, the upper target will directly point to the **$35 area**, with mid-term potential fully realized. The underlying fundamentals are also noteworthy:

On-chain transaction volume on Avalanche has surged by 275% since May, reaching a 12-month high in activity.

With the support of the RWA (Real World Assets) concept, institutions are entering the market for tokenized assets, with Avalanche ranking second only to Chainlink in this field.

Positive Summary:

On-chain data is showing real growth, supported by genuine institutional demand.

The technical pattern breakout combined with the expectations of Altcoin Season creates conditions for a potential explosion.

But it's also important to note:

The current trend has not completely escaped volatility; if it drops below $21, the market may retest the lower support.

The project needs to continuously expand ecological adoption to avoid the old path of 'short-term surges and long-term weakness'.

The bell of the bull market will not toll twice; smart people never wait for the K-line to soar before chasing. This wave of AVAX is expected to become the 'Charge Horn' in the Altcoin frenzy.