AVAX Price Breaks Above Key Resistance: Potential 70%-75% Rally Ahead

Avalanche (AVAX) has surged past a significant resistance level, achieving a new all-time high above $29 after a strong week of gains. This breakout has fueled anticipation for continued price appreciation and potential long trades. Analysts forecast a substantial move of up to 70–75%, potentially pushing AVAX towards the $40-$42 range. Key factors driving this surge include the growing adoption of DeFi applications and increasing institutional interest.