AVAX Technical Analysis: Uptrend Skyrockets With Aims To Reach $100

The AVAX coin price shows incredible bullish recovery as it surpasses multiple sellers’ dominated areas. Will the uptrend reach the $100 mark? AVAX is the token of origin of Avalanche. The token is a hard-capped precious asset used to pay fees, safeguard the platform with staking and also serve as a fundamental account unit between the various subnets that are created on Avalanche. The latest data released by Analytics platform DeFi Llama shows that Avalanche currently has $10.67 billion of total value locked (TVL) after a surge of more than 18% over the past seven days. This smart contract-based platform may soon surpass its record-breaking high in TVL of almost $13.8 billion in the early days of December. Let us move ahead to read about Avalanche technical analysis. Past Performance of AVAX The AVAX coin price shows a sharp growth above th $75 horizontal zone and the highly influential resistance trendline. The rally breaks above the sellers-dominated areas with a price jump of 30% in the past week. The price jumps comes after our technical analysis forecasting a bull run to the resistance trendline. Furthermore, a retest of the trendline breakout will increase the chances of a bullish continuation. AVAX/USD Daily Chart AVAX Technical Analysis The AVAX coin price shows a triple white soldier pattern as it breaks above the resistance trendline. Therefore, traders can expect the bullish rally to show a 15% to 40% jump in the u...