- AVAX broke out of a right-angled ascending broadening wedge, signaling bullish continuation.
- Current consolidation around $14 sets stage for push to $9 upside target.
- Recent upgrades and developer activity bolster Avalanche’s path to new highs.
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Ali Charts: AVAX consolidating post right-angled ascending broadening wedge breakout, eyeing $9 target from current $14. On-chain strength supports rebound potential.
AVAX broke out of a right-angled ascending broadening wedge, signaling bullish continuation.
Current consolidation around $14 sets stage for push to $9 upside target.
Recent upgrades and developer activity bolster Avalanche’s path to new highs.
Avalanche (AVAX), the high-speed Layer-1 blockchain known for its subnet architecture, is drawing renewed trader interest after a textbook technical breakout. On December 11, 2025, analyst Ali Charts (@alicharts) updated followers on X, noting that AVAX is now “consolidating after breaking out of a right-angled ascending broadening wedge.” This follows his December 2 post, which flagged the initial breakout as a catalyst for a $9 target—a level that, from today’s price of approximately $14, implies a swift 64% upside.
The charts shared by Ali illustrate the pattern vividly: A broadening wedge, with diverging trendlines forming a megaphone shape, typically signals building volatility and momentum. The right-angled variant, with a horizontal resistance, adds confluence when breached to the upside. AVAX’s decisive close above the upper boundary in early December has invalidated bearish structure, shifting focus to measured move projections. From the breakout point near $10–$11, the $9 extension aligns with Fibonacci extensions and prior resistance zones around $18–$20, but Ali’s conservative call tempers expectations amid market chop.
Contextually, AVAX trades at $14.21 per CoinMarketCap data, up slightly 0.5% in 24 hours but down 8% weekly amid Bitcoin’s consolidation. Trading volume sits at $439 million, reflecting steady interest despite broader altcoin pressure from regulatory headlines. Yet, fundamentals shine: The Avalanche 9000 mainnet upgrade earlier this year slashed fees and boosted TPS to 4,500+, attracting DeFi protocols and gaming dApps. Subnets like those powering tokenized RWAs have seen TVL climb to $1.2 billion, per DefiLlama. Whale accumulation persists, with 2.5 million AVAX scooped up in the last month, per on-chain trackers.
For traders, this setup screams opportunity. RSI at 40.83 (neutral, per CoinCodex) suggests room for upside without overbought risks, while the 50-day MA at $15 acts as near-term overhead. A hold above $13 invalidates downside to $12 supports; failure could retest the wedge base. Ali’s insight resonates in a market where patterns meet adoption—AVAX’s interoperability with Ethereum via bridges positions it for ETF tailwinds, echoing 2024’s 300% surge. As crypto eyes year-end rallies, Avalanche’s blend of tech prowess and chart purity makes it a standout. For bulls, $9 isn’t a moonshot; it’s the next subnet in a scaling revolution. Risk accordingly, but in AVAX’s case, the wedge is widening toward profits.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
