Key Insights
- Avalanche breaks falling wedge resistance as traders watch whether the breakout level holds steady.
- AVAX trades near $9 with $284 million daily volume while analysts monitor a possible move toward $9.80.
- Avalanche DeFi activity remains active with $2.01B TVL and $403M DEX trading volume despite declining liquidity.
Avalanche formed a falling wedge on the 30-minute chart before pushing above the pattern. Traders often view this setup as a potential shift in short-term market direction.
AVAX Breakout From Falling Wedge
Avalanche moved above a falling wedge pattern on the 30-minute chart, and traders are now watching whether the breakout level holds. The digital asset trades near $9.00 while market observers track a possible move toward $9.80 if the trend remains stable.
The breakout follows a period of declining price action, where the wedge pattern formed through lower highs and lower lows. According to Crypto Joe, the pattern has now broken upward, though the next phase depends on price stability above the breakout zone.
The analyst noted that the market now needs to keep the breakout level intact, adding that “Need to hold that level” for the pattern to remain valid.
Avalanche trades near $9.00 at the time of reporting, as market data shows a 24-hour trading volume of $284,670,169. The asset has declined 3.32% during the past day. The chart projection places a possible price target at $9.80. Traders are observing short-term price movement to see whether the market continues in that direction.
Avalanche Trading Volume Remains Active
Decentralized exchange activity within the Avalanche ecosystem continues even as liquidity declines. Data from March 7, 2026, shows total value locked at $2.01 billion. DEX trading volume reached $403.57 million during the same period.
Daily application fees generated across the network totaled $90,727. The figures show that liquidity has decreased compared to levels seen in late 2025. However, transaction activity on decentralized exchanges remains active.
Avalanche Trading Volume | Source: DeFiLamaThe chart data shows a gradual decline in TVL over time. This trend means less capital remains stored in decentralized finance protocols. Activity levels on decentralized exchanges remain steady despite the lower capital base.
This pattern indicates ongoing user engagement across the Avalanche ecosystem. Traders continue to execute transactions even while overall liquidity remains reduced.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/analysis/avalanche-breakout-from-falling-wedge-signals-potential-move-toward-9-80/
