AVAX Surges 10.7% as Bullish Breakout Signals Strong Momentum

Avalanche’s AVAX token has broken out of its multi-week correction phase, demonstrating remarkable strength despite ongoing geopolitical tensions affecting cryptocurrency markets.
The broader market gauge, CoinDesk 20 Index (DLCS), has demonstrated exceptional bullish momentum, surging from 1403.33 to 1461.17 in the last 48 hours, representing a 4.12% gain, while the overall range spans 95.56 points (6.97%) from the low of 1365.61 to the high of 1461.17.
The recent price action of AVAX shows accelerated momentum with the formation of a bull flag pattern and decisive breakout above $20.40, coinciding with significant institutional developments in the ecosystem, according to CoinDesk Research’s technical analysis data.
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