Avalanche Breaks Descending Wedge Pattern, Targets $12-$13 Zone

Avalanche (AVAX) has broken out of a descending wedge pattern on its short-term chart, with the price surging by over 5% to approximately $7.90.

This move positions AVAX near the crucial $8, $8.20 resistance area, raising the possibility of a deeper recovery if bulls can maintain control above these levels.

The break above the wedge has sparked renewed optimism among traders and analysts, with some pointing to the potential for expansion towards the $12, $13 zone once the present resistance is overcome.