Avalanche (AVAX) is demonstrating a clear bullish trend on the charts, which could lead to a new price rally. Recent whale transactions show growing confidence, and investor sentiment appears to be shifting positively after a significant decline last month, with minor gains recently.

The technical analysis highlights a bullish triangle formation, with a crucial support at $24.53. As AVAX attempts to breach resistance levels, targets are set at $35.52 and $53.95, marking an anticipated increase of up to 103% from current prices, dependent on ongoing trading volume.