Avalanche AVAX Targets 30 Percent Surge

Avalanche (AVAX) Eyes 30% Rally Amid Cup-And-Handle Pattern Breakout

• Avalanche (AVAX) surged nearly 40% in the past week, reaching a high of $26.84 from $19.
• The cryptocurrency broke out of a five-month downtrend and formed a Cup-and-Handle pattern with a neckline at $23.
• Analysts suggest AVAX could rally another 30% to reach the $32 resistance level.
• Key resistance is identified near the $27 mark, with potential to rise to $36 if surpassed.
• AVAX previously hit an all-time high of $146 in November 2021, setting its range between $20-$130.

Avalanche’s recent breakout from a Cup-and-Handle pattern has analysts eyeing a potential 30% rally toward the $32 resistance level, following its surge from an 18-month low of $14.66. The cryptocurrency faces key resistance at the $27 mark, which could lead to further gains if overcome.