Avalanche

Date: Fri, August 23, 2024, 12:30 PM GMTThe cryptocurrency market is experiencing a strong upward trend this week, with many <a href="https://coinsprobe.com/web-stories/top-10-cryptocurrencies-which-holds-high-potential-for-bull-run-3/" rel="noopener noreferrer nofollow">altcoins </a>seeing significant gains. Bitcoin (BTC) has been holding steady around the $60K mark, providing a positive backdrop for major altcoins to rally.One standout performer has been Avalanche (AVAX), which has surged by 11.11% in the last 24 hours and an impressive 31% over the past week.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/1e61ece684834a82b1348268929884f1.png" />Source: <a href="https://coinmarketcap.com/currencies/avalanche/" rel="noopener noreferrer nofollow">Coinmarketcap</a><h3 id="will-breakout-add-more-gains">Will Breakout Add More Gains?</h3><img src="https://coinsprobe.com/wp-content/uploads/2024/08/AVAXUSDT_2024-08-23_17-40-58.png" />Source: TradingviewThis surge is largely due to a key technical breakout. AVAX successfully broke through the resistance trendline at $25.18, pushing the token&#39;s price to its current level of $26.30.As AVAX continues to trade at $26.3, it is now retesting the previous resistance level of $25.18. If this retest is successful and the price pulls back from this level, it could pave the way for even more gains. Analysts suggest that AVAX could see an additional 15% increase, potentially reaching the next resistance target of $29.50.The market is watching closely to see if <a href="https://coinsprobe.com/avalanche-avax-surges-higher-following-breakout-more-gains-ahead/" rel="noopener noreferrer nofollow">AVAX </a>can maintain its momentum and continue its upward trajectory. If the breakout holds, AVAX could be in for more substantial gains in the days ahead.Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial or investment advice.

Avalanche Goes Higher Following Significant Breakout: More Gains Ahead?

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