The post Avalanche (AVAX) Price Prediction: Multi-Year Triangle Hints at Breakout Towards $100+ appeared on BitcoinEthereumNews.com.

AVAX is approaching the apex of a multi-year symmetrical triangle, with surging DeFi TVL and a 4.7M token burn reinforcing the bullish breakout setup near $29. AVAX is starting to heat up just as the broader market regains momentum. After months of quiet accumulation and steady on-chain growth, the charts are now showing signs of a potential breakout. AVAX TVL Shows No Signs of Slowing Down AVAX’s DeFi landscape has quietly been building serious momentum. In a recent post shared by Mash, over the past 12 months, the total value locked (TVL) on the AVAX network has more than tripled, now pushing toward the 90M AVAX mark before a slight cooldown. AVAX’s total value locked tripled over the past year. Source: Mash via X This wasn’t a one-week hype cycle but a sustained climb that began building around late Q4 2024 and has picked up steam heading into summer 2025. That steady on-chain buildup is now beginning to reflect in price action too, with AVAX starting to push through key resistance levels. The structure still looks positioned for higher moves, and this growing DeFi base may be one of the key drivers fueling that strength. AVAX Price Eyes Towards $29 Resistance AVAX improving DeFi metrics are now being met with a textbook technical setup. As highlighted in the weekly chart by TrendFi, AVAX is carving out a clean series of higher lows, forming a long-term ascending trendline that has acted as reliable support since late 2023. The current price action is now pushing back toward the $28 to $29 resistance zone, a key horizontal level that’s repeatedly acted as a rejection point in previous cycles. AVAX presses into the $28–$29 resistance zone. Source: TrendFi via X What makes this attempt different is the broader context. Not only is momentum supported…

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Filed under: News - @ July 20, 2025 3:27 pm