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Este artículo también está disponible en español. Avalanche (AVAX) is trading around $25 after a 10% surge since last Thursday, as the broader crypto market shows signs of recovery. Bitcoin and most altcoins are trending up from their yearly lows, with AVAX at a critical price level that could shape its price action in the weeks ahead.  Related Reading Analysts and investors are closely monitoring the situation, predicting significant volatility for Avalanche. Many are calling for a potential change in trend, with some projecting a sharp and aggressive rally if AVAX can break its weekly bearish structure.  However, this volatility could also lead to downside risks if key support levels are lost. The next few days will be crucial in determining whether AVAX can capitalize on the market momentum or face more turbulence. Avalanche Change Of Trend Will Lead To Higher Prices The market is at a turning point, as previously fearful investors are starting to feel encouraged by recent price action. Avalanche (AVAX) has surged by 25% from its local lows since September 6 and is now trading at a key level that could determine its price direction for the coming months.  This crucial level has caught the attention of analysts and investors alike, particularly one prominent analyst, Daan, who shared his technical insights on X. AVAX Attempting to break out of the down trend channel. | Source Daan on X AVAXUSDT Chart on TradingView In his analysis, Daan points out a well-defined bearish channel that has held AVAX in a downtrend for several months. However, AVAX is now attempting to break out of this descending channel, a move that could signal the end of its bearish phase. If AVAX successfully breaks the $25 resistance level, Daan predicts the price could quickly move toward $28. This break would represent…

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Filed under: News - @ September 15, 2024 9:27 am