Avalanche (AVAX) is exhibiting bullish chart patterns, signaling a potential breakout after a period of consolidation. Analysts highlight that AVAX has twice retested a crucial support line, indicating robust demand and a positive trend. The cryptocurrency is currently forming a symmetrical triangle pattern on the daily chart, suggesting a likely upward move. A breakout above the triangle's resistance could propel AVAX to $38, representing a 30%-35% increase from current levels. On the weekly chart, AVAX is retesting a long-term breakout zone, with the $24-$26 range serving as a key support level. Surpassing the $40 mark could pave the way for a rise to over $50 in the coming months.