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The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/avax-price-analysis-can-avax-top-15-with-this-new-breakout/">AVAX Price Analysis: Can AVAX Top $15 With This New Breakout?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
With Bitcoin dominance reaching the 30-month high, the overall market finds a fresh breeze of a bull run. Similar to other major altcoins, the AVAX price skyrockets with the recovery season, blooming double-digit returns for the market.&nbsp;&nbsp; 
Bouncing back from the $8 mark, the Avalanche token buyers regain trend control to rise above the 50-day EMA. With such a fightback, the <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/">AVAX price prediction</a> hints at potentially reaching the $15 mark before 2023 ends.&nbsp; 
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During the ongoing 26% jump, the increased demands at $8 and Bitcoin rising to $35K were major catalysts driving the bull run. Leading to a bullish pattern in hindsight, the AVAX price action forms a double bottom with a neckline at $11. 
Currently, the AVAX price trades at $10.99 with an intraday growth of 4.56%, leading to a bullish engulfing candle and teasing a breakout rally. The seven bullish candles in the last eight trading sessions reflect a strong bullish trend momentum.&nbsp; 
The overhead resistance at $11 has been a critical supply inflow spot for the last few months, keeping the bullish growth under check. Therefore, a successful candle closing above this crucial level will signal a bullish entry spot in AVAX price.&nbsp; 
Technical indicators:&nbsp; 
EMA: The bullish breakout of the 50-day EMA increases the possibility of a golden crossover if the uptrend sustains momentum. 
RSI indicator: The RSI indicator displays a rounding reversal to renter the overbought boundary.&nbsp; 
<h2 class="wp-block-heading" id="h-will-avax-price-rise-above-12">Will AVAX Price Rise Above $12?</h2> 
Considering the overall market recovery continues to gain momentum, the blue-chip altcoins will continue to perform exceptionally well. Similarly, the AVAX price will rise higher, and the double bottom breakout will catalyse the bull run and reach $15 faster than anticipated. However, the $12.5 mark may be a pitstop in the rally.&nbsp; 
On the flip side, a reversal from $11 or a failure to sustain the momentum can lead to a price drop to $10.

AVAX Price Analysis: Can AVAX Top $15 With This New Breakout?

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