Crypto trader Captain Faibik predicts that Avalanche (AVAX) is on the verge of a major price breakout, potentially reaching $45.5 or higher. Faibik identified a bullish pattern known as a descending wedge in AVAX's price chart, suggesting a positive turnaround. If AVAX can hold above the $26 support level, it could trigger a 183% price rise. AVAX's market share has also increased to 0.92%, indicating growing demand and interest. The current resistance levels for AVAX are at the 50-day and 100-day EMAs, at $29.52 and $32.69, respectively. If AVAX can break through these levels, it may gain further momentum for growth. However, AVAX must also maintain support at around $25.73 to avoid further price drops. The RSI for AVAX is currently slightly below the neutral 50 level, indicating a leaning towards bullishness. With these technical indicators and increasing market interest, investors are closely watching to see if AVAX can reach $45 in the near future.



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