The article highlights the potential for a breakout in AVAX, with a target price of $126.03 and a projected upside of over 504%. Analysts also see a long-term bullish trajectory for AVAX, suggesting a price surge into the $200 range. Despite recent consolidation, AVAX is viewed as having a strong foundation for an uptrend. The analysis mentions two key resistance levels at $176.63 and $2,432.24, with the higher low formation supporting an uptrend. Another perspective identifies a falling wedge pattern nearing completion, which historically signals impending bullish breakouts. The recent increase in buying momentum and surge in trade volume also suggest expectations of an impending rally. Volatility may increase as AVAX approaches the apex of the wedge, and strong momentum will be necessary to overcome resistance levels.



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