Avalanche (AVAX) Price Prediction: 30% Upside in Sight After Falling Wedge Breakout

Avalanche is starting to catch serious attention as fresh capital floods in and technicals begin to flip bullish. Participants are now eyeing a potential 30% rally, with price action heating up around a familiar support zone.

Avalanche Sees Strong Capital Inflows

Avalanche is closing out the week with a clear signal of strength, landing second in 24-hour net inflows across all ecosystems. According to The Degen Times, AVAX recorded $12.02 million in deposits versus just $5.15 million in withdrawals, resulting in a net inflow of $6.87 million. That’s a solid show of confidence, second only to Ethereum’s $12.25 million and well ahead of other L1s.

Avalanche secures the second-highest net inflows among all chains. Source: The Degen Times via X

Avalanche isn’t just sustaining the current market cycle; it’s actively attracting capital while many other chains are struggling. These inflows don’t just reflect sentiment; they can also have a meaningful impact on price action if momentum continues.

Avalanche On-Chains Sees a Record Month

Avalanche just hit another impressive milestone. AVAX C-Chain hasn’t dipped below 1 million ERC20 token transfers on a single day throughout June. This isn’t just a sign of strength rather a very sustainable consistency shown from the AVAX network.

Avalanche C-Chain maintains over 1 million daily token transfers throughout June. Source: Token Relations via X

According to Token Relations, the chain averaged around 1.76 million daily transfers by mid-June, reflecting strong user activity that’s rarely seen outside of major network surges.

AVAX Potentially Lining Up For a 30% Rally

AVAX just tapped the $17 level again, and it’s starting to get the attention from the AVAX community. Crypto analyst, Simon Desue, calls this a “generational opportunity”. This is a technically based decision as, $17 to $18 region has acted as a demand zone multiple times over the last six months, often leading to bounces of 20–30%.

AVAX revisits its key $17 demand zone, with analysts eyeing a potential 30% bounce from support. Source: Simon Desue via X

This area also aligns with the base of a broader symmetrical triangle that AVAX is currently forming, offering both horizontal and diagonal support at once. Zooming out, AVAX is still holding higher lows on the daily chart despite the dip, which suggests structural strength is intact. As long as price continues to respect this zone and on-chain momentum remains firm, this pullback might not be a breakdown, but could be a base for the next leg up.

AVAX Breaks Out of Falling Wedge

Following strong capital inflows and a resilient on-chain profile, Avalanche’s technicals are now lining up with their side of strength. According to AlphaCryptoSign, AVAX has broken out of a textbook falling wedge on the 4-hour chart. The breakout was accompanied by a solid green candle and a noticeable uptick in volume, which adds credibility to the move. AVAX is now attempting to flip the former wedge resistance into support, a critical step for confirming the reversal.

Avalanche breaks out of a falling wedge with rising volume, signaling a potential short-term trend reversal. Source: AlphaCryptoSign via X

Technically, the move shifts short-term momentum in AVAX’s favor. If the price can hold above this wedge breakout level, the next logical target sits around $20, where minor resistance and the 50-day moving average converge. However, failure to hold above the breakout zone could invalidate the setup and send AVAX back toward the $17 to $17.50 region.

AVAX Price Prediction Eyes $22.70

Building on its recent falling wedge breakout, AVAX is now showing early signs of forming a rounded bottom near the $17.50 to $18 region. As seen in TheTrench’s chart, this zone has acted as key horizontal support throughout June, and now the price appears to be curling back up from it.

AVAX forms a rounded bottom near key support, with eyes set on a breakout toward the $22.70 resistance zone. Source: TheTrench via X

The chart outlines a potential move toward $22.70 if this short-term reversal holds; this level aligns with a prior resistance zone from earlier in the month. If AVAX can push decisively through the $18.40 to $18.50 mid-range level, the probability of hitting that $22.70 target increases significantly.

Final Thoughts

While the broader market chops sideways, Avalanche is quietly stacking wins both on-chain and on the charts. With consistent capital inflows, rising transfers, and strong technical formations like the falling wedge breakout, AVAX is showing the kind of resilience that often precedes major moves. The $17 zone has become more than just support. If momentum can emerge here, AVAX bulls have their eyes on the $22.70 level.

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