Avalanche (AVAX) has broken through the $27 resistance level, signaling a bullish breakout with potential targets between $37 and $40. The cryptocurrency's price has risen to approximately $32.7, representing a 53.43% increase from its July lows. This upward movement is supported by a descending wedge and double bottom pattern, indicating strong technical momentum. Analyst Dami-Defi emphasizes the importance of maintaining support in the $25–$27 range to continue the bullish trend. Should this support hold, AVAX could potentially reach extended targets of $45–$50. The recent breakout is attributed to robust technical patterns and increased buyer confidence, with the $25–$27 zone now acting as a crucial support base for future price action.