AVAX Retests $16 Support as Targets Set at $26.78 $32.36 and $37.94

AVAX is retesting the $16 Fibonacci level as rate efforts to hold support after current wedge breakout. If bulls protect $16 then targets consist of $26.78 $32.36 and $37.94 based on Fibonacci retracement levels. A close below $15.50 could revoke the bullish structure and shift market focus to lower cost ranges. Avalanche (AVAX) is retesting the 0.786 Fibonacci retracement zone near $16 after breaking out of a falling wedge on the weekly chart. Fibonacci levels have played a substantial role in directing previous reversals, and the 0.786 level now marks the zone where bulls need to protect. Each level is spaced to show significant psychological cost markers in previous AVAX cycles. At present, all predicted targets stand well above the existing rate, offering a clear roadmap for recovery.

AVAX is retesting the $16 Fibonacci level as rate attempts to hold assistance after current wedge breakout. If bulls safeguard $16 then targets include $26.78 $32.36 and $37.94 based on Fibonacci retracement levels. A close below $15.50 could invalidate the bullish structure and shift market focus to lower rate ranges. Avalanche (AVAX) is retesting the 0.786 Fibonacci retracement zone near $16 after breaking out of a falling wedge on the weekly chart. Fibonacci levels have played a considerable role in assisting past reversals, and the 0.786 level now marks the zone where bulls should protect. Previous efficiencies of such patterns often lead to a turnaround when followed by volume boost and company support. Upside Targets Aligned With Fibonacci Retracement If support at the $16 area remains undamaged, AVAX might push towards crucial resistance levels based on Fibonacci retracement. Each level is spaced to show significant mental rate markers in previous AVAX cycles. At present, all projected targets stand well above the current cost, using a clear roadmap for recovery.

AVAX is retesting the $16 Fibonacci level as cost attempts to hold assistance after current wedge breakout. If bulls safeguard $16 then targets consist of $26.78 $32.36 and $37.94 based upon Fibonacci retracement levels. A close below $15.50 might invalidate the bullish structure and shift market focus to lower cost ranges. Avalanche (AVAX) is retesting the 0.786 Fibonacci retracement zone near $16 after breaking out of a falling wedge on the weekly chart. Cost presently trades near $18.97, down 9.84%, with the market now seeing if support around the $16 area holds. If this level sustains, the next resistance targets are $26.78, $32.36, and $37.94 respectively. The pullback has brought AVAX back toward the significant support area, important for determining its next instructions. Fibonacci levels have played a significant function in guiding past reversals, and the 0.786 level now marks the zone where bulls need to protect. Market participants are now asking: will AVAX hold the $16 support and rally, or sink listed below $15.50 and extend its losses? Falling Wedge Breakout Sets Stage for Possible Rally AVAX just recently broke out of a long-lasting falling wedge pattern on the weekly timeframe. This technical pattern is usually a bullish signal, particularly when coupled with a test of Fibonacci support. The present retest near the 0.786 Fib suggests a possible continuation to the advantage, if purchasers step in. The falling wedge began forming in early 2025, with a series of lower highs and lower lows compressing rate action into a constricting variety. In early June, AVAX broke above this pattern, triggering speculation about a continual reversal. However, rates soon pulled back and are now checking the lower boundary once again. This retest is deemed a technical retouch to confirm the breakout. Traders might consider it a confirmation of bullish structure if cost keeps above $16. When followed by volume boost and firm assistance, previous efficiencies of such patterns typically lead to a reversal. Benefit Targets Lined Up With Fibonacci Retracement If support at the $16 location stays intact, AVAX could press toward essential resistance levels based on Fibonacci retracement. The very first target is $26.78, which aligns near the 0.382 Fib level and could work as preliminary profit-taking territory. Beyond that, $32.36 and $37.94 represent much deeper retracement points if momentum builds. These levels function as natural difficulties where previous consolidation and selling happened. Traders frequently watch such retracement zones carefully for potential turnarounds or breakouts. Each level is spaced to reflect significant mental rate markers in previous AVAX cycles. At present, all predicted targets stand well above the present price, providing a clear roadmap for recovery. Nevertheless, these levels stay valid just if the $16 assistance does not break. A strong weekly close above $20 might strengthen bullish sentiment and bring in renewed interest from market participants. Care Recommended Listed Below $15.50 Support Zone While bulls are considering upside, a drop listed below $15.50 might signal renewed weak point and revoke the current bullish breakout setup. That level marks a structural flooring, and any breakdown might activate further selling. Weekly close listed below this zone might motivate sellers to gain back control. Caution is recommended at this stage, as multiple failed support tests in this area would recommend buyer fatigue. If volume boosts on the downside, the market might then revisit previous lows or even form new ones. Traders should keep an eye on rate reaction closely in the $15.50 to $16 variety. Volume and weekly candle structure will remain essential indications in figuring out short-term momentum. Till a decisive relocation is validated, the marketplace might stay range-bound. Persistence and precision are crucial as AVAX navigates this crucial retest on the chart.

AVAX is retesting the $16 Fibonacci level as cost attempts to hold support after current wedge breakout. If bulls defend $16 then targets include $26.78 $32.36 and $37.94 based on Fibonacci retracement levels. Fibonacci levels have actually played a significant role in directing previous reversals, and the 0.786 level now marks the zone where bulls should defend. Benefit Targets Aligned With Fibonacci Retracement If support at the $16 location remains undamaged, AVAX might push towards essential resistance levels based on Fibonacci retracement. These levels stay valid only if the $16 assistance does not break.