Avalanche (AVAX) has broken out of a multi-year accumulation zone, signaling a potential market shift. Analysts, including Crypto Patel, highlight strong investor support between $10 and $15, with AVAX exiting a prolonged downtrend. The altcoin's breakout from a descending channel suggests a bullish market structure, with liquidity targets set at $56, $85, $145, and $302.
This development mirrors previous rallies and indicates a possible altseason if Bitcoin remains stable. Currently, AVAX is trading at $30.05, marking a daily gain of 1.67% and a weekly increase of 13.72%.
Avalanche (AVAX) Breaks Resistance, Eyes $302 Target
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