Avalanche’s $23 Consolidation: Will it Break Out or Fall Back?

Avalanche (AVAX) is currently in a holding pattern, sitting around the $23 mark while staying above its ascending trendline from June. This critical point could shape the cryptocurrency’s near-term future. Analysis suggests a potential breakout above $26-$28 might confirm bullish momentum. However, if price declines below this support level, a significant correction toward the $20.3 mark is likely.