Avalanche (AVAX) is showing signs of recovery after a prolonged downtrend, signaling a potential spike in prices. Analysts have set a target of $126.03 upon a breakout.
AVAX Signals Recovery After Prolonged Downtrend
Earlier, AVAX experienced a significant decline, reaching a local low, after which a price trend reversal followed. An increase of 390.39% from this low indicates growth potential. Breaking a setup showing an upward trend could support the upward move.
AVAX Breaks Out of Descending Channel: Analysis and Prospects
According to analysis, AVAX recently breached the boundaries of a descending channel, indicating a possible trend reversal. Confirmation of the breakout with a strong bullish candle and a projected level of $42 highlight growth potential.
Long-Term Targets and Market Sentiment
The anticipated breaking of key resistance levels could strengthen AVAX's bullish market sentiment. Long-term perspectives suggest targeting $242, which would be a significant achievement.
AVAX demonstrates signs of recovery with a focus on short-term and long-term price targets, a breakout from the descending channel and positive market sentiment.
