Avalanche (AVAX) Price Jumps: Analyst Predicts Potential Breakout

Following a breakout from a descending channel pattern, the price of Avalanche (AVAX) has surged higher. Analysts believe this momentum could signal a significant price movement in the near future. Jonathan Carter highlights a strong support level on the weekly chart, suggesting potential for growth. He states that the current rise could lead to some of the largest price swings AVAX has seen recently, pointing to a powerful breakout setup.