Avalanche (AVAX) Price Prediction: Technical Setup Signals Wave 3 Expansion Towards $80

AVAX is starting to come under attention as fresh technical signals and strong fundamentals begin to align. After weeks of steady but quiet gains, the coin is now pressing up against a major resistance zone around $27, an area that could trigger a much larger move if broken cleanly.

Momentum is quietly building for AVAX, and the mood on the charts is finally starting to shift. After weeks of slow upward movement, AVAX is now pressing into the $26 to $27 resistance range with renewed strength.

The latest daily candle shows a tight consolidation just under the upper Bollinger Band at $26.32, while price continues to trend firmly above both the 20-day moving average and mid-band support. This kind of compression near resistance often signals that a breakout attempt is just around the corner.

AVAX consolidates just below key resistance at $26.32, signaling rising momentum and potential breakout. Source: hmmxavier via X

Analyst hmmxavier believes that AVAX is still undervalued given current market dynamics. With low sell-side pressure and improving sentiment across L1s, the argument for a rally higher continues to grow. While $27 remains the short-term hurdle, reclaiming it with volume could shift attention toward $35 and beyond, especially if broader market momentum holds.

As Avalanche pushes toward key resistance levels, the fundamentals are quietly staging a comeback of their own. According to Steven9000, AVAX is now registering its highest total value locked (TVL) in the past 2.5 years, a major signal that on-chain confidence is returning. This isn’t just a short-term spike; it reflects a broader trend of capital rotating back into Avalanche-based protocols, with clear signs of sticky liquidity forming across major dApps.

AVAX hits 2.5-year high in total value locked (TVL), signaling renewed investor confidence across its DeFi ecosystem. Source: Steven9000 via X

The momentum doesn’t stop at TVL. Fresh data from Nansen shared by The Degen Times reveals that over 4.33 million wallets now hold at least 1 AVAX, up from 3.7 million just weeks ago. That’s over 600,000 new holders in the network. This type of wallet growth tends to precede stronger price action, especially when paired with a rising base of fundamental activity.

AVAX wallet holders surge by 600K in weeks, with over 4.33 million addresses now holding at least 1 token. Source: The Degen Times via Nansen

• Highest TVL in 2.5 years, showing rising protocol engagement
• 600K+ new holders in just weeks, pushing wallet count to 4.33M+
• Positive technical structure with price pressing toward $27 breakout zone
• Sentiment flipping among traders and analysts as selling pressure cools

Taken together, these trends are building a strong base behind the scenes. While price action is only now approaching a major level, and if AVAX clears $27 with conviction, there’s real potential for a breakout that goes beyond just a short-term rally.

AVAX’s technical setup is beginning to reflect what the fundamentals have been hinting at, a potential breakout into a new bullish phase. As shown in KayneStanway’s chart, AVAX price has completed its full Wave 1 cycle from the 2021 inception highs and worked through a complex WXY correction, bottoming near the $8.50 zone.

AVAX completes WXY correction from $8.50 lows and enters potential Wave 3, targeting $80 to $90 if bullish structure holds. Source: KayneStanway via X

Currently, price has broken above $20 and is forming what appears to be Wave 3 of 5, with local support established near $19.80 to $21.00. The larger Wave 3 projection, if this structure holds, could take AVAX towards the $80 to $90 zone in the coming months, with intermediate resistance at $50.

AVAX’s current price is $25.40, up 3.61% in the last 24 hours. Source: Brave New Coin

The signs for AVAX are looking increasingly optimistic. From a rising TVL and growing wallet count to a technically sound Elliott Wave structure, there’s clear evidence that both fundamentals and chart setups are aligning. If AVAX price can break above $27 with volume and hold that level, the path toward $30 and even $50 starts to look much more realistic over the next few days.