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

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 source: https://www.newsbtc.com/news/avalanche/avalanche-high-timeframe-reversal/