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Avalanche (AVAX) To Rise Higher? Key Harmonic Pattern Signals Potential Upside Move

Avalanche (AVAX) To Rise Higher? Key Harmonic Pattern Signals Potential Upside Move

CoinsProbeCoinsProbe2025/06/07 23:08
By:Nilesh Hembade

Date: Sat, June 07, 2025 | 03:32 PM GMT

The cryptocurrency market is bouncing back strongly after Thursday’s sharp sell-off, which briefly dragged Bitcoin (BTC) to a low of $100,430 and Ethereum (ETH) to $2,387. However, the tide has turned—BTC has reclaimed levels above $105,540, while ETH has recovered to around $2,520. This broader rebound is now lifting sentiment across altcoins , including Avalanche (AVAX).

AVAX is back on the green track with noticeable gains of over 5%, and now a closer analysis of the charts reveals that the asset may be preparing for a continuation of its upward movement.

Avalanche (AVAX) To Rise Higher? Key Harmonic Pattern Signals Potential Upside Move image 0 Source: Coinmarketcap

Bearish Cypher Harmonic Pattern in Play

A look at the 4-hour chart shows that AVAX is forming a Bearish Cypher harmonic pattern—a structure well-known in technical analysis for projecting short-term bullish continuations before a potential pullback.

The pattern began with a top at $24.32 (point X), dropped to $21.19 (point A), bounced to $21.68 (point B), and then fell again to $18.45 (point C). From point C, AVAX has started recovering and is now climbing higher, forming the final leg toward point D.

Avalanche (AVAX) To Rise Higher? Key Harmonic Pattern Signals Potential Upside Move image 1 Avalanche (AVAX) 4H Chart/Coinsprobe (Source: Tradingview)

The projected D leg lies between $23.07 and $24.32—levels backed by key Fibonacci ratios: the 78.6% retracement of the XC leg and the 100% Fibonacci extension. These levels mark a potential reversal zone where the harmonic pattern would ideally complete.

If this setup plays out as expected, AVAX could rally an additional 10% to 16% from its current levels, retesting its recent local highs.

What’s Next for AVAX?

The upcoming trading sessions will be crucial. A continued push toward the $23.07–$24.32 resistance zone could validate the harmonic setup, potentially triggering algorithmic buying and interest from pattern-based traders. However, traders should remain cautious near that zone, as it could also attract profit-taking and short-term sell pressure—hallmarks of a completed Cypher pattern.

As long as AVAX maintains its momentum and stays above support levels near point C, the bullish scenario remains in play.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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