$AVAX Breaks Above Pennant Pattern, but $9 Resistance Remains

Avalanche's price has been on an upward trend over the past four days, breaking above a multi-week pennant pattern and reclaiming its spot as a bullish contender in the crypto market.

The token's surge was supported by rising network activity, with Avalanche's Network DEX Volume reaching $141.61 million over 24 hours, a new monthly high.

However, despite this momentum, $AVAX still faces its biggest hurdle yet: clearing the $9 resistance level in order to reach its target of $10.

Average Order Size data suggests that whales are active near the current price, but it remains unclear whether they are accumulating or distributing. A sharp rejection at $9 could trigger Long Liquidations and accelerate a short-term pullback.