- AVAX shows strong technical setup on the 1D chart
- Wave 3 breakout could signal major upside
- Bullish sentiment grows across the AVAX community
Avalanche ($AVAX) is once again capturing attention in the crypto world, and for good reason. A look at the AVAX 1-day (1D) chart reveals a potentially explosive move brewing—specifically, what appears to be the start of Wave 3 in the classic Elliott Wave pattern.
Wave 3 is typically the most powerful and extended wave in the sequence, often resulting in significant price appreciation. If this setup plays out, AVAX could be heading for a dramatic price surge that surprises even seasoned traders.
Technical Patterns Support a Bullish Outlook
Analysts and traders closely following AVAX note that the recent price consolidation appears to be forming a textbook Wave 2 correction. This sets the stage for a Wave 3 rally, which in Elliott Wave theory is usually the strongest and longest phase of a five-wave sequence.
Momentum indicators like the RSI and MACD are beginning to turn upward, further validating the potential breakout scenario. Volume is also showing early signs of increasing—a typical precursor to a strong bullish move.
Community Sentiment Turns Bullish
The crypto community is buzzing with excitement, especially on platforms like Twitter and Telegram. Traders are sharing bullish AVAX setups and predicting sharp upward moves in the coming weeks. As optimism builds and more eyes turn to the chart, the potential for a rapid price rise grows stronger.
If AVAX can break key resistance levels with volume, it could trigger a cascade of buys and short liquidations, accelerating the Wave 3 rally.
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