AVAX / TetherUS

AVAX Breakout from Falling Wedge: Tracking 4 Fibonacci Targets

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Avalanche (AVAXUSD) has broken out of a falling wedge pattern on the weekly timeframe, signaling a potential shift from bearish consolidation to a bullish continuation phase. The breakout is a strong technical signal often associated with trend reversals.

Using Fibonacci extensions from the breakout base, I’ve mapped out 4 critical target levels:

Target 1: 0.618 Fib – first major resistance after breakout - 94.18

Target 2: 0.786 Fib – deeper retracement and strong reaction zone - 117.41

Target 3: 1.272 Fib – full extension, potential profit-taking point - 184.61

Target 4: 1.618 Fib – aggressive upside target for extended rally - 232.46

These levels align with historical price structure and may act as magnets for bullish momentum if volume confirms the breakout.

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