AVAX Triangle Support Remains Strong, Signaling Potential Multi-Level Breakout

Avalanche (AVAX) is currently nestled near the lower edge of a long-lasting symmetrical triangle pattern on its weekly chart. This price consolidation suggests a potential breakout. The key to unlocking this bullish momentum lies in a sustained move above the 50-week moving average, which sits around $27, acting as an overhead resistance level. A surge above this level could signal buying pressure and fuel further upward movement.