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Avalanche price (AVAX) has broken out of a multi-month descending channel in July which caught the attention of many traders and could result in a strong move ahead.
The AVAX price has been trading in a bear market since December 2023, although the current strength suggests an impressive change in the technical structure.
Should those external conditions remain supportive, the move could provide a backdrop for a broader rally if momentum holds, the more so as analysts forecast higher AVAX price targets in the coming weeks.
