Avalanche’s $25-$27 Range Holds Promise: Could We See a Repeat of the November 2024 Rally?

The price of Avalanche (AVAX) is showing signs of potential for further growth, with its current range between $25 and $27 triggering an intriguing technical pattern. On charts shared by Trading Aloha on X, the EMAs are stacked tightly in a bullish order, suggesting momentum is building upward. 2024’s price action mirrors this, as we see a similar setup where price compressed around stacked EMAs before breaking higher to reach $55. 2024 shows an upward trajectory and this time could be a repeat.