Technical analysis by Fibonaccifibberz about Symbol AVAX: Buy recommendation (5/17/2025)

Avalanche (AVAX) is displaying a classic head and shoulders pattern on its daily chart. After breaking out above the neckline at $23.46, AVAX has shown strong momentum, and a decisive push and hold above $27 would validate the reversal and open the path to the next major resistance zone between $35 and $36. This zone aligns with the technical price target derived from the pattern’s height, making $35.4 a realistic objective if bullish momentum persists and volume supports the breakout. The right shoulder in a head and shoulders pattern provides a logical reference for risk management at $18.4. This information is for educational and informational purposes only and does not constitute financial advice. Always do your own research and consult with a qualified financial professional before making any investment decisions.