Avalanche Breaks Falling Wedge, Price Targets Key $9.80 Resistance

Avalanche (AVAX) has successfully broken out of a falling wedge pattern on the 30-minute chart, and the market is closely watching whether the breakout can hold. The current price is fluctuating around $9.00, and if this support holds, it is expected to launch an attack towards the $9.80 area. Analysts emphasize that the bullish signal of this technical pattern will only be sustainable if the breakout level is maintained. According to the latest market data, AVAX's trading volume over the past 24 hours reached $285 million, with a slight intraday decrease of 3.32%. Despite short-term price pressure, the technical breakout structure still provides a clear directional guide for the bulls. The target price of $9.80 is considered the next key psychological and technical resistance level, and traders are closely watching whether the price can effectively break through and hold. Although the network's total value locked (TVL) has shown a moderate decline since the end of 2025, reaching $2.01 billion on March 7, 2026, the trading activity of decentralized exchanges remains strong, with a daily trading volume of up to $404 million. During the same period, the network's average daily application fee was $90,700, reflecting that user behavior within the ecosystem has not significantly cooled down due to liquidity contraction.

Avalanche Trading Volume | Source: DeFi NewsLama This phenomenon indicates that even if the capital scale has shrunk, the core trading momentum of the Avalanche ecosystem remains robust. Continued user participation in DeFi News interactions demonstrates that the underlying network's utility value and community stickiness are not affected by short-term capital fluctuations, providing fundamental support for subsequent price movements.