Avalanche is showing recovery momentum after bouncing from key support and breaking out of a triangle pattern.
Institutional interest rises as Nasdaq and Swiss banks embrace AVAX through ETF filings and crypto services.
Avalanche (AVAX) is currently in the spotlight, especially after successfully recovering from an important support zone and showing quite convincing recovery momentum. In the last 7 days alone, AVAX has risen more than 18% and is now trading at about the $20 level.
Based on the analysis of popular crypto analyst Lingrid, from a technical perspective, the AVAX price has just broken through the consolidation triangle pattern and is starting to approach the downtrend line that has been the main obstacle so far.
Many traders are starting to pay attention, because if the price can break through the resistance zone around $23, AVAX has the potential to continue to the $27 area. For those who have been monitoring for a long time, this condition is certainly not just a p
