- Avalanche (AVAX) powers faster cross-border payments as Thailand’s KBank partners with StraitsX.
- AVAX is showing a multi-year falling wedge pattern with support around $10–$13, signaling a bullish reversal.
- AVAX could reach $80–$100 in the short term and $150–$200 by 2026 if it breaks the wedge’s upper boundary.
Avalanche (AVAX) is showing signs of resilience with the potential for a strong trend reversal in the coming days ahead. The AVAX is showing signs of stability over the last 24 hours, but it is still up by 5.83% over the last week.
However, the data from Avalanche revealed that Thailand’s second-largest bank, KBank, is partnering with StraitsX to enable seamless cross-border payments between Thailand and Singapore. This integration leverages Avalanche blockchain technology, promising faster settlements and lower fees for both businesses and consumers. It builds on real-world adoption trends already seen with Alipay+, which serves over 1.6 billion tourists across GrabPay merchants in Singapore.
The significance of this move marks the fact that the leading players in the institutions are no longer testing blockchain but are instead utilizing it actively in their operations. Through the utilization of the fast and highly performing blockchain platform of Avalanche, KBank is clearly at the forefront of the digital payment revolution in Asia.
Also Read: Can AVAX Break $15 Resistance and Trigger a Trend Reversal?
Avalanche Nears Breakout as Multi-Year Wedge Tightens
Moreover, the crypto analyst, Altcoin Piooners, revealed that Avalanche (AVAX) is demonstrating one of the strongest reversal signals in the long term to date, and its 3-week chart has formed a perfect multi-year falling wedge. The crucial $10 to $13 region has been protected by the price several times since the start of 2022 while making higher low points along an upward trending line. Currently, AVAX is tightly consolidating around $13.65 and compressing tightly, hinting at the major breakout.
The macro indicators are again supportive of a bull thesis, showing reduced downside momentum, reduced volume, and an RSI reset pattern similar to that of the pre-breakout phase in 2021. The indicators point to sustained accumulation and not a bearish environment, particularly in light of the subnets and the growing number of gamers and institutions adopting the platform.
Source: Altcoin Piooners
If the price is able to break out above the upper boundary of the wedge at $50 to $60, AVAX will target $80 to $100 in the short term, then $150 to $200 by the end of 2026, and possibly much higher in a full-blown mania phase of the market.
The only level that will trigger a breakdown and target the entire thesis to be invalidated is a close below $10 per month. Until then, it appears that Avalanche is poised to enter the first phase of a massive reversal pattern.
Also Read: Avalanche (AVAX) Eyes $15 Breakout as Momentum Slowly Builds
