The price of the Avalanche (AVAX) token has continued to rally, reaching its highest level since April 12. The AVAX token has formed a golden cross chart pattern and jumped above key resistance levels, indicating strong technical support. Various indicators, including the Market Value to Realized Value (MVRV), Relative Strength Index (RSI), and MACD, are signaling positive momentum for the coin. There are indications that AVAX is forming a cup-and-handle pattern, with a potential target of $240, representing a 458% increase from the current level. Multiple analysts are bullish on AVAX, with price targets ranging from $120 to $200. Avalanche is seen as an alternative to Solana and its ecosystem is performing well. The coin's futures interest has reached a record high, and there are expectations of increased adoption, including the potential for an Avalanche ETF in the future.



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