Avalanche (AVAX) Nears 3-Year Triangle Breakout at $23

AVAX has been forming a symmetrical triangle pattern for over three years, with the price currently trading just above the ascending support base. The chart indicates that there have been two previous failed breakout attempts, but the structure has remained intact with compression now at its peak zone. If AVAX closes above the resistance line near $23, it could potentially target $150 and $220 in the short term.

Avalanche (AVAX) has been in a long-term symmetrical triangle pattern, nearing its apex after multiple failed breakout attempts. The chart, shared on June 30, 2025, suggests that AVAX could soon break out of consolidation and rally sharply. With the asset trading at $18.63, the technical formation points to a potential upside toward $220 and beyond.

The weekly chart of AVAX against USDT on Binance shows a structure dating back to early 2021. Price action has consistently respected both the rising support and falling resistance lines. Multiple fakeouts above the trendline during 2024 and early 2025 failed to deliver sustainable gains, but the structure has remained intact.

As AVAX approaches the convergence point of this triangle, many traders are watching for a decisive breakout. Historically, such patterns have preceded large price moves, especially when followed by volume expansion. The market is now closely monitoring whether this move will validate the bullish arrow projected on the chart.

The AVAX/USDT chart highlights a triangle pattern extending over 3 years. Since mid-2021, AVAX has oscillated within the tightening range, forming higher lows and lower highs. This structure has trapped the price in a zone between roughly $12 and $100.

In late 2022 and early 2024, AVAX attempted to break out from the resistance line. However, both moves were rejected, producing what the chart labels as “fakeouts.” Despite these failures, the price never broke below its ascending base, confirming long-term support strength.

This continued compression now positions AVAX at a crucial juncture. Triangle breakouts, especially those occurring late in the pattern, often lead to explosive trends. With AVAX nearing the tip, any break above the resistance zone could trigger momentum toward the $180 to $220 range.

As of June 30, 2025, AVAX is trading around $18.63, slightly above its long-term trendline support. This positioning has prompted renewed optimism among market watchers. The ascending line has held since early 2021, forming the base for multiple rebound attempts.

Maintaining this support is critical for bullish continuation. The chart shows that each time AVAX has touched this base, a notable price reaction followed. The triangle’s structure remains valid as long as price stays above this key support area.

The large green arrow on the chart illustrates a potential breakout trajectory. It suggests that if price can breach the upper line near $23, momentum could carry it toward $80, $150, and even $220. Traders are now evaluating volume, candle closures, and broader altcoin strength to confirm this move.

Many traders believe that AVAX is one of several altcoins preparing for a macro breakout. The symmetrical triangle signals price compression, often preceding directional expansion. Historical patterns show that once resistance is flipped into support, a sustained rally typically follows.

AVAX’s past price behavior reflects a series of buildup phases before surging. The chart shows consistent buying near the triangle base, despite rejection at upper resistance zones. If momentum shifts in favor of bulls, the altcoin could rise exponentially.

One question now shapes the outlook: Will Avalanche confirm this breakout and finally escape its 3-year consolidation zone?