Will AVAX Reach $40-$60? Analyst Sees Potential 100%+ Rally After Wedge Breakout

AVAX has broken out of a long-term descending broadening wedge pattern, testing resistance at $24.33. This breakout, according to analysts, could signal a potentially explosive 100%-150% rally if bullish momentum continues. Experts are attributing this rise to the expansion of DeFi applications and increased institutional interest in the crypto space. The breakout is being tested near this resistance zone, with confirmation requiring both price and volume action.