Date: Wed, July 09 2025 | 05:42 PM GMT
As Q3 kicks off, the cryptocurrency market continues its impressive rally from Q2. Ethereum (ETH) is leading the charge, trading near $2715 with strong 9% gains this month. Riding this momentum, many altcoins are setting up for potentially big moves — including Avalanche (AVAX).
AVAX is in green today with modest gains. But it’s the recent chart structure that’s turning heads — one that closely mirrors the breakout pattern seen on Sei (SEI), which just rallied 76% off its bottom.
Source: Coinmarketcap
AVAX Mirrors SEI’s Breakout Structure
A look at SEI’s chart shows it recently completed a textbook falling wedge pattern, a widely-recognized bullish reversal formation. The breakout was confirmed as soon as SEI surged above the wedge structure and flipped all three major moving averages — the 50-day and 200-day MAs — into support, and soared by 76%.
SEI and AVAX Fractal Chart/Coinsprobe (Source: Tradingview)
Now, AVAX appears to be following the exact same roadmap.
The chart shows AVAX also broke out from a falling wedge and is now consolidating just beneath its 50-day moving average resistance at $19.83. This is the same kind of consolidation SEI experienced just before it exploded to the upside.
The fractal resemblance between AVAX and SEI is striking — from wedge breakout to the MA resistance coil. It’s giving traders a strong signal that a similar breakout might be just around the corner for AVAX.
What’s Next for AVAX?
To validate the bullish setup, AVAX needs to break and close above the $19.83 level — its immediate resistance marked by the 50-day moving average. A strong move above this area, especially with volume support, could open the door for a rally toward its 200-day MA near $24.48, suggesting a potential 32% upside from current levels.
However, patience is key.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
