AVAX Retests Multiyear Falling-Wedge Resistance Near $11

Avalanche's AVAX is back at a technical level bulls have been watching for years. On the weekly chart, price is retesting the upper boundary of a multiyear falling wedge around $11, putting demand at the center of the next move. A clean break and sustained trade above the wedge could set up a run toward the next resistance zones at $15 and $22. For now, the setup still needs confirmation: buyers must show they can push through and hold above wedge resistance. A fresh real-world catalyst may help build that demand. More than $2 billion in grain stored across 12,000+ warehouses in India is being brought onchain via Avalanche, linking millions of farmers to storage, markets, and credit. The initiative moves parts of agricultural financing infrastructure onto Avalanche, tying onchain activity to physical, stored commodities. Working alongside Finternet, Arya.ag is partnering with lenders including Singularity Credit and Aryadhan to make stored agricultural commodities verifiable collateral. Putting records and lending workflows onchain is designed to improve collateral verification and financing traceability, while giving farmers a more efficient credit channel backed by crops they already own. With AVAX pressing a key weekly boundary, the market will be watching whether demand follows through. If it does, $15 and then $22 become the next levels in focus. If not, the falling-wedge breakout remains unresolved.