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Avalanche Price Analysis: Will The AVAX Breakout Rally Reach $30?

The Avalanche (AVAX) price action showcases a bull cycle gaining momentum within the falling parallel channel in the daily chart. The reversal rally surpasses the overhead resistance trend line indicating a breakout spot. However, the higher price rejection in the breakout candle warns of a bearish setback. So should you consider buying into this breakout?

The post Avalanche Price Analysis: Will The AVAX Breakout Rally Reach $30? appeared first on CoinGape.

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Written by Brian Bollinger

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