The analysis suggests that Avalanche (AVAX) is showing signs of a potential bullish resurgence as it approaches a key resistance level at $29.35. The price action and technical indicators indicate the possibility of a breakout and a strong upward movement. If AVAX successfully breaks through the resistance level, it could lead to a sustained rally with potential targets at $42 and new highs. However, if it fails to maintain its strength, there could be a pullback and a decline towards the $18.85 support zone.



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