After enduring a brutal 95%+ drawdown from its 2021 peak, Avalanche is now 
showing early signs of a potential high-timeframe reversal. With price 
stabilizing at macro support and forming an emerging Elliott Wave structure on 
the weekly chart, the current phase could mark a critical turning point in the 
broader cycle. Weekly Elliott Wave Structure Signals Macro Inflection AVAX is 
currently forming an Elliott Wave structure on the weekly chart, trading 
within a massive descending channel that has remained intact since the 2021 
all-time high. The broader structure suggests the asset is still operating 
within a long-term corrective phase, but key technical signals now point to a 
potential higher-timeframe inflection point. Related Reading: Avalanche Shows 
Signs Of Recovery As Key Indicator Flashes A Buy Signal – Details According to 
Crypto Patel, after enduring a brutal 95%+ cycle correction, Avalanche appears 
to have completed Wave 1 with a macro low near $5.67. Price is now 
transitioning into the early stages of a Wave 2 recovery phase, a critical 
moment in the Elliott Wave sequence that often determines whether a 
sustainable expansion phase can follow. Structurally, the weekly chart shows 
several notable developments. Wave 1 seems to have finalized within the $8–$5 
macro bottoming zone, establishing a potential base of support. At the same 
time, price continues to trade within the long-term descending channel that 
has defined the broader downtrend. Technically, the chart reflects a clean 
bearish breakdown followed by a retest of the lower trendline, a classic 
deviation setup. Additionally, AVAX executed a liquidity sweep into the weekly 
demand zone between $8 and $7. Meanwhile, the overall fractal structure also 
mirrors the compression phase seen in the previous cycle before expansion. For 
confirmation, Crypto Patel emphasizes the need for sustained weekly strength 
and expansion back toward mid-channel resistance. A decisive push in that 
direction would strengthen the bullish Wave 2 thesis and signal that the 
larger recovery structure is beginning to unfold. Avalanche Upside Roadmap: 
$33 To $147 In Focus CryptoPatel outlines an ambitious upside roadmap for 
Avalanche, projecting sequential targets at $33, $58, $97, and ultimately 
$147. Should the broader channel expansion scenario play out into 2026–2027, 
price could trend toward the upper boundary of the multi-year descending 
channel. From the macro bottom to the final target, that would represent an 
estimated 2,489% expansion. Related Reading: Avalanche (AVAX) Defies Bear 
Market With Explosive On‑Chain Growth, Messari The bullish thesis remains 
intact as long as Avalanche holds above $5.50 on a weekly final support, which 
marks the Wave 1 low and last major structural support. Maintaining this level 
preserves the higher-timeframe recovery structure and keeps the Wave 2 
continuation scenario in play. However, a confirmed weekly close below $5.50 
would invalidate the setup and signal structural weakness. As it stands, this 
remains a high-timeframe, patience-driven opportunity with asymmetric risk-to- 
reward, a framework best suited for spot accumulation and long-term holders. 
Featured image from Getty Images, chart from Tradingview.com

After 95% Crash, Avalanche Forms High-Timeframe Reversal Structure

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Three individuals targeted David Prinçay, President of Binance France, in a 
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