The crypto asset Avalanche (AVAX) is gaining attention as analysts predict a bullish setup on the weekly chart, with a potential price target of $240. They have identified a Cup and Handle pattern, which often suggests a long-term upward trend. Short-term trade strategies also indicate potential opportunities at current price levels. Key moving averages, Fibonacci retracement levels, and analyst ValeriyaApex's short-term trade setup support the bullish outlook. However, AVAX price has declined by 5.64% to trade at $35.86, reflecting a lack of strong buying interest and negative market sentiment. The current circulating supply of AVAX has reduced, potentially affecting demand. Support at $35.50 is crucial to avoid further losses, while breaking past resistance levels of $37.00 and $38.50 could signal bullish momentum.



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