Technical analysis by cecilion1998 about Symbol AVAX: Buy recommendation (7/20/2025)

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.