Avalanche Breaks Out of Falling-Wedge Pattern, Eyes $60 Target

Avalanche (AVAX) has broken out of a falling-wedge pattern on its weekly chart, sparking renewed market attention. Crypto analyst Lana Valentis highlighted the setup, noting that similar patterns have previously preceded two significant AVAX rallies.

Her current analysis identifies $10, $16, $31, and $60 as potential upside targets if momentum continues.

The technical breakout arrives alongside several developments expanding Avalanche's broader ecosystem. Aave is preparing a specialized real-world asset lending market on the network, while COTI has launched privacy infrastructure supporting applications and users.