Avalanche (AVAX) Approaches Key Breakout Zone ๐Ÿš€

$AVAX has climbed to $25, testing the $26.88 resistance โ€” the neckline of a double bottom pattern forming since April. Price has twice bounced off $14.75, signaling strong accumulation.

If AVAX breaks this level, the setup points to a potential 82% rally toward $48. Supporting the move: RSI is back above 50 (last time this happened, AVAX doubled in weeks) and DeFi TVL on Avalanche is up 37% in the past month to $1.89B, showing growing network activity.

A breakout here could make #AVAX one of the stronger L1 trades heading into August.

#AVAX #Avalanche