📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
AVAX/BTC Pair Signals Strong Rally For AVAX Price - BTC Hunts
Avalanche price (AVAX) has broken out of a multi-month descending channel in July which caught the attention of many traders and could result in a strong move ahead.
The AVAX price has been trading in a bear market since December 2023, although the current strength suggests an impressive change in the technical structure.
Breakout from Channel Ignites Bullish Sentiment In Avalanche
The break above the descending channel is a key technical upside development for AVAX price action here in 2025.
Analyst Ali Martinez echoed a similar sentiment, explaining that traders could use the current momentum as a launchpad for higher momentum, if it reclaim some key levels first.
In particular, a prolonged gain above the $26 mark would likely advance the positive setup and encourage fresh capital in the market.
This assessment is further echoed by Ted Pillows, too. He shared a technical chart identifying a converging declining wedge pattern
The breakout from this pattern has been clean, signaling a structural shift away from lower highs and compressed price action
According to Ted, this breakout opens up the possibility of a price advance into the $32 to $35 zone over the next one to two weeks, assuming the current trend remains intact.
BTC Pair Breakout Reinforces Technical Shift
In a separate observation, CryptoKaleo pointed to the AVAX/BTC trading pair, which has now broken above a long-standing resistance trendline which was active since 2021
This move carries significant implications because the AVAX price has struggled to outperform Bitcoin over the past few years, but this breakout flips everything.
The current multi-year structure break has flipped its narrative from bearish to bullish, and this act as a secondary confirmation of the AVAX/USD pairs ongoing trend reversal.
Moreover, analyst Planfomo added to the optimistic tone, projecting a potential target of $47 should AVAX successfully break out and hold above the $26–$27 range
Though such targets remain conditional on sustained market strength, they do highlight the increasing confidence in AVAX crypto’s technical outlook across different analysts.
On-Chain and Derivatives Metrics Signal Growing Confidence
The broader market trends indicate that the bulls are coming back in full force. The funding rates and open interest data indicate traders are leaning toward bullish scenarios