Avalanche (AVAX) is coiling for a massive move. A potent Wolfe Wave pattern is 
forming alongside a test of a key weekly trendline. This structural confluence 
signals that the market is reaching a point of maximum compression, indicating 
that a significant directional breakout is imminent. Wolfe Wave Formation 
Signals Strong Future Move According to a recent technical analysis by 
BeLaunch, AVAX is shaping a notable Wolfe Wave pattern, a formation known for 
sparking strong directional moves once completed. This developing structure 
reflects tightening price action and growing pressure within the market, 
hinting that a significant breakout could be on the horizon. Related Reading: 
AVAX Reclaims Top 20 Spot as Securitize Chooses Avalanche for EU Securities 
Platform At the same time, Avalanche is pressing against a descending weekly 
trendline that has consistently acted as a major resistance level. A breakout 
above it would reinforce the bullish implications of the Wolfe Wave, while a 
rejection could force the asset back into a prolonged consolidation. For those 
eyeing long-term accumulation, BeLaunch points to the $11–$8 range as the most 
compelling buy zone. This region could provide strong support and aligns with 
key structural levels, making it an attractive opportunity for investors 
preparing for the next potential upside cycle. Historical Precedent: The 
September 2023 Rally Setup BeLaunch went on to highlight that the current 
Avalanche setup closely mirrors the conditions seen in September 2023, just 
before a major rally unfolded. The resemblance between the two periods offers 
a valuable historical reference, suggesting that the market may once again be 
preparing for a significant move. Related Reading: Avalanche (AVAX) Price 
Holds Key Support, But Analyst Warns Rally Could Be At Risk The analysis 
emphasizes that the same pattern is taking shape once again, increasing the 
probability of an upward move if price action aligns with previous behavior. 
Repeated technical scenarios often carry weight because markets tend to 
respond consistently under familiar conditions. If AVAX continues to respect 
this structure, it could set the foundation for a potential bullish breakout. 
BeLaunch also noted the importance of continued monitoring as the pattern 
progresses. Tracking price action, market sentiment, and overall momentum will 
be crucial in determining whether the bullish outlook gains confirmation. Any 
future decisions or expectations will rely on clear signals from the pattern 
as well as shifts in broader market dynamics. Avalanche is currently trading 
around $13.06, reflecting a mild intraday pullback as the market adjusts to 
recent volatility. With a market capitalization of approximately $6.3 billion, 
AVAX remains one of the notable assets in the broader crypto landscape. 
Trading activity has been strong, with its 24-hour volume sitting between $428 
million and $445 million, signaling ongoing interest from both short-term 
traders and long-term participants. Featured image from Shutterstock, chart 
from Tradingview.com

Avalanche Coils For Impact: This Indicator Signals A Massive Move Ahead

Aster price is building a clean bullish reversal as the Stage 4 buyback begins 
ahead of schedule and traders return with stronger volume. Aster traded at 
$0.984 at press time, down 1.8% on the day, with a weekly range between…

Aster price forms bullish RSI reversal pattern as team begins Stage 4 buyback ahead of schedule

A crypto analyst used Bollinger Bands and RSI data to argue Bitcoin’s bear 
market bottom will not pass under $55,000.

Bollinger Bands suggest Bitcoin bottom can’t fall under $55K

Institutional momentum in regulated crypto infrastructure accelerated as Sony 
Bank moved toward U.S. stablecoins and digital assets, signaling a push toward 
enterprise-scale adoption backed by a deepening partnership with Bastion. Sony 
Bank Pushes Stablecoin Path to Drive Enterprise Digital Assets Growing 
institutional demand for regulated crypto infrastructure advanced on Dec. 1 as 
Sony Bank Inc. […]

Sony Bank Prepares US Stablecoin Launch to Expand Digital Asset Reach

Solana started a fresh decline below the $135 zone. SOL price is now 
consolidating losses below $130 and might decline further below $125. SOL 
price started a fresh decline below $135 and $130 against the US Dollar. The 
price is now trading below $130 and the 100-hourly simple moving average. 
There is a key bearish trend line forming with resistance at $136 on the 
hourly chart of the SOL/USD pair (data source from Kraken). The price could 
start a recovery wave if the bulls defend $125 or $120. Solana Price Dips 
Further Solana price failed to remain stable above $140 and started a fresh 
decline, like Bitcoin and Ethereum. SOL declined below the $135 and $132 
support levels. The price gained bearish momentum below $130. A low was formed 
at $123, and the price is now consolidating losses. The price recovered a few 
points and tested the 23.6% Fib retracement level of the downward move from 
the $144 swing high to the $123 low. Solana is now trading below $130 and the 
100-hourly simple moving average. On the upside, immediate resistance is near 
the $128 level. The next major resistance is near the $130 level. The main 
resistance could be $134 or the 50% Fib retracement level of the downward move 
from the $144 swing high to the $123 low. There is also a key bearish trend 
line forming with resistance at $136 on the hourly chart of the SOL/USD pair. 
A successful close above the $136 resistance zone could set the pace for 
another steady increase. The next key resistance is $140. Any more gains might 
send the price toward the $145 level. Another Decline In SOL? If SOL fails to 
rise above the $130 resistance, it could continue to move down. Initial 
support on the downside is near the $125 zone. The first major support is near 
the $122 level. A break below the $122 level might send the price toward the 
$120 support zone. If there is a close below the $120 support, the price could 
decline toward the $112 support in the near term. Technical Indicators Hourly 
MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours 
RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. 
Major Support Levels – $125 and $122. Major Resistance Levels – $130 and $136.

Cryptocurrency price in NZD