Crypto
AVAX Price Soars as Avalanche Network Adoption Gains Momentum
Avalanche (AVAX) has broken out of a prolonged consolidation period and is now showing renewed bullish momentum.
The breakout, which occurred on the four-hour chart, was highlighted by Crypto With Gopal, who noted that AVAX's price target could reach $8.80 if buyers maintain control.
According to TradingView analysis, the token bottomed near $5.90 before moving through a broad range between roughly $6.30 and $7.10 during July and August.
The recent rally pushed AVAX above $8.00 toward an $8.50 local high, indicating that the token is positioned for further growth.