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Key Insights:
- AVAX breaks out above $20 with chart projecting a 144% move toward $54.68.
- Price rebounds from multi-year trendline, confirming long-term support strength.
- SEC reviews VanEck’s spot AVAX ETF proposal, increasing market attention.
Avalanche (AVAX) is drawing attention after breaking out of a long-term downtrend and reclaiming key support. With VanEck’s spot AVAX ETF filing under SEC review, the asset is gaining strength and technical projections are suggesting a 144% potential upside.
Avalanche Breaks Out as Price Targets Over 140% Gain
On the daily chart, Avax has confirmed a breakout from a descending wedge pattern. AVAX broke out of the downward price movement that has occurred for months, just above the $20 level, and is currently trading around $22.30.
A technical analysis shows that the measured move target is near $54.68, which would be a 144% gain from the breakout level. WorldOfCharts chart shows a similar setup to a mid-2024 breakout that also had a strong rally.
The repeated structure and breakout pattern make the upside more likely to continue, as current momentum seems to match previous price action.
Trendline Support Holds Strong on the Weekly Chart
AVAX has also bounced off a long-term ascending trendline on a higher time frame. Since 2021, this support level has been tested many times, including in early 2023 and again in April 2025. Price rebounded strongly from this trendline each time.
The repeated defense of the trendline indicates that long term buyers are still active. As of now, price is above $22.20, which is a signal that AVAX is still in a broader uptrend, even after shorter term corrections. As a technical support level and a sign of confidence among long term holders and traders watching key chart structures, the trendline is also a signal.
This bounce from this trendline also helps the bullish case and fits with the recent daily timeframe breakout, continuing the shift in short-term sentiment.
VanEck’s Spot Avax ETF Filing Gets SEC Review
The regulatory development also follows momentum in AVAX. The first U.S.-based spot Avalanche ETF has been filed by VanEck. The Securities and Exchange Commission (SEC) has officially accepted the application and is now reviewing it under regulation.
The MarketVector Avalanche Benchmark Rate would directly track AVAX’s price in the proposed ETF. This pricing method makes sure that the fund tracks market performance without the use of derivatives. It is similar in structure to spot ETFs that have been recently approved for Bitcoin and Ethereum.
Acknowledgement doesn’t mean approval, but it does trigger a review period that includes public comments and regulatory checks. The SEC will determine whether the ETF poses risks like market manipulation and evaluate how it protects investors.
If approved, the ETF will draw more attention to Avalanche and will also make the cryptocurrency more accessible for institutional investment, as it is regulated and will be easier for traditional market participants to invest in.
What Comes Next for Avalanche Price and ETF Prospects
Technically and from the regulatory side, Avalanche has found its strength. The market is in a more positive phase, as the breakout from the descending wedge and rising trendline support indicate. Based on the current chart, momentum seems to be shifting in favour of bulls with a target of over $50.
Meanwhile, the SEC’s interest in VanEck’s AVAX ETF proposal represents growing institutional interest. An approval of the ETF will be a significant milestone for Avalanche, similar to the Bitcoin and Ethereum spot ETF launches.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
