Since its low on March 10th, AVAX has surged to $22.12, posting a 1.30% gain in the last 24 hours, fueling market optimism.
The RSI is sitting in the overbought zone (77), while both the MACD and EWO indicate bullish momentum. However, the price has yet to break out of the triangle pattern and still requires stronger volume to confirm a trend shift.
The Avalanche Foundation recently launched the Avalanche Card, a Visa card that enables crypto payments in the U.S. and Latin America, increasing AVAX’s real-world utility and adoption.

In a Complex Economic Context, Avalanche Responds with Innovation and Recovery

The crypto market saw notable moves over the past weekend. Bitcoin (BTC) once again broke above $87,000, and Ethereum (ETH) bounced back toward the $2,000 level. Still, volatility remains high, driven in part by recent statements from President Donald Trump, whose protectionist policies seem to be just getting started.

This week, key U.S. economic data is expected, including quarterly GDP and the PCE inflation index, both of which could significantly influence investor risk sentiment.

As for Avalanche (AVAX), the token has shown a solid rebound. After hitting a bottom on March 10th, it has climbed to $22.12, marking a 42% increase in less than two weeks. Over the last 24 hours, AVAX has delivered a positive return of 1.30%, generating optimism among investors.

On top of that, important developments have been reported within the AVAX ecosystem.

In February, the Avalanche Foundation introduced the “Avalanche Card,” a Visa credit card that enables crypto payments across Latin America and the United States, expanding crypto usability within the Visa network. The Avalanche Card supports payments with USDC, USDT, Wrapped AVAX (wAVAX), and AVAX itself, whether for online purchases or in-store transactions at merchants that accept Visa.

AVAX Technical Analysis

The price of AVAX is currently at a technical crossroads that could determine its direction in the coming days. On the 4-hour chart, we observe a triangle formation, typically a consolidation pattern reflecting market indecision. AVAX is now trading near $22.12, approaching the apex of the triangle.

The EWO has steadily accompanied AVAX’s recovery over the past two weeks, showing clear bullish momentum. It recently broke through the escape band, signaling strong buying volume. However, in recent hours, the momentum has started to show signs of exhaustion.

The RSI (Relative Strength Index) stands at 77, signaling an overbought asset, yet it also indicates powerful upward momentum. If the RSI remains elevated without a sharp correction, it could support a potential breakout.

Meanwhile, the MACD has made a bullish crossover and is now displaying a positive histogram, another technical signal strengthening the case for an upward breakout from the triangle. This is boosting trader optimism.

It’s important to emphasize that a confirmed breakout must be supported by rising volume. Without it, any attempt to exit the triangle could turn into a false signal or simply a speculative move.

Conclusion & Scenarios 

AVAX has not yet broken out of the triangle, but it’s getting very close. Price action in the upcoming candles will be critical. If the breakout happens strongly to the upside, a new bullish phase could begin, targeting the $24–$26 range. If the breakout fails, however, we could see a pullback toward the triangle’s base levels once again.

Technical charts courtesy of TradingView.

Disclaimer: The opinions expressed do not constitute investment advice. If you are looking to make a purchase or investment, we recommend that you always do your research.

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Filed under: News - @ March 25, 2025 12:17 pm