AVAX Price Soars to $7.20 as Triangle Pattern Builds Momentum

The AVAX price has surged to $7.20, marking an increase of 8.99% in the past day. This move comes as Avalanche shows signs of renewed market activity following recent gains.

According to Crypto With Gopal, a large triangle pattern is forming on the charts, with support around $6 to $7 and resistance between $8 and $10. A break above the upper trendline would provide an affirmation of a new move, with an upside target near $10 or higher after confirmation.

Lana Valentis also highlighted a falling wedge formation that has been broken out from on the daily chart. The coin has moved above the $6 to $7 range after breakout, and several potential upside levels have been identified, including $8.5, $10.5, $15, $24, and $35.