🔺 Avalanche ($AVAX) has broken out of a multi-month descending channel, signaling the end of its bear trend since Dec 2023. This structural shift could fuel a strong rally if momentum holds.
📊 Analysts highlight $26 as a key level — reclaiming and holding it may open the path to $32–$35 within weeks. A clean breakout from a falling wedge supports this bullish setup.
💥 Notably, the AVAX/BTC pair has also broken above a resistance trendline active since 2021. This long-awaited breakout flips the narrative from bearish to bullish, reinforcing confidence in the USD pair's reversal.
📉 Analyst Planfomo projects a $47 target if AVAX maintains strength above $26–$27. While conditional, it reflects growing optimism around AVAX’s trend reversal.
📈 On-chain and derivatives data confirm this shift: rising funding rates and open interest suggest traders are betting big on further upside. All eyes on AVAX — the breakout may just be the beginning.
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