- AVAX’s remarkable 40% surge in 3 days signals a bullish comeback, igniting investor interest.
- A falling wedge pattern and strong demand hint at AVAX’s potential breakout past $21.6, marking a new high.
- The triple white soldier’s pattern creates a buying opportunity amid AVAX’s bullish momentum.
Avalanche (AVAX) has emerged as a top performer, demonstrating a significant recovery after a challenging start to the year. The digital currency, which experienced a bearish trend for most of 2023, has recently undergone a dramatic surge, setting new targets for investors and market analysts.
AVAX/USD 1-year price chart (source: coinstats)
Avalanche (AVAX) Bullish Recovery
The recent price action of AVAX presents a compelling narrative of resilience and potential. The altcoin has made a stunning comeback after grappling with a bearish flag pattern for most of the year. In just three days, its value soared from a weekly low of $12.51 by more than 40%, distinguishing Avalanche in the altcoins sector and ranking it among the top gainers this week.
AVAX/USD 24-hour price chart (source: CoinStats)
At press time, AVAX was trading at $18.47, according to CoinSta…
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