Here’s why AVAX’s price may be ready for a 40% swing soon

AVAX’s price has been consolidating within a tight range, signaling potential for a 40% breakout
On-chain metrics flashed mixed signals, but adoption and ecosystem growth can bolster optimism

Avalanche [AVAX], at press time, seemed to be consolidating near critical levels, fueling anticipation for a major move as traders closely watched the $33-$41 range for a potential breakout. At press time, AVAX was priced at $35.79, following a 0.46% daily hike on the charts.

With analysts predicting a potential 40% price swing, the focus remains on whether AVAX can decisively break out of its $33-$41 range. Can this setup fuel the much-anticipated rally?

Is AVAX preparing for a breakout?

At the time of writing, AVAX’s price seemed to be locked in a descending triangle pattern, with support at $33 and resistance at $37. This compression in price highlighted a build-up of momentum, setting the stage for a potentially explosive move.

If AVAX successfully breaks above $41, it could confirm bullish momentum and trigger the expected 40% price swing. However, repeated rejections at this level may trap the price in further consolidation. Hence, traders are watching this setup closely for confirmation of its next move.

Source: TradingView

How AVAX AI could transform the network

The introduction of AVAX AI is one of the most exciting developments for Avalanche’s ecosystem. Designed as the first AI-powered initiative on the network, it aims to build an AI hub offering innovative products on the C-chain.

Additionally, backed by Avalaunch and AVentures DAO, AVAX AI has the potential to attract widespread interest. The upcoming IDO on the Apeterminal platform could further drive adoption by expanding the network’s user base. Therefore, AVAX AI could position Avalanche as a trailblazer in the AI-blockchain space, boosting its long-term value.