Will Avalanche Break Out Above $30? Technical Analysis Suggests Strong Potential

Avalanche (AVAX) price is poised at a crucial resistance level, with bullish technical signals pointing towards a breakout. Analysts cite expanding DeFi applications, increasing institutional interest, and strong long-term support as factors driving this rally. 3 different chart patterns – the W-bottom, cup & handle, and symmetrical triangle – suggest potential for a substantial upward movement, aiming for targets of up to $128. A break above the $26-$30 range is crucial for unlocking sustained bullish momentum. Weekly charts further show strong buying signals with price action pushing towards higher levels.