🚀 Avalanche’s Surge
Avalanche (AVAX) has seen a dramatic price increase, surging over 19% in the last week and 11% in the past 24 hours. Currently trading at $32.09, AVAX is the 11th largest crypto with a market cap of $12.6 billion.

📈 Bullish Pattern Breakout
AVAX recently broke above a bullish pattern it’s been consolidating within since March. This breakout hints at a potential twofold increase in the token’s price in the coming days.

📊 On-Chain Data Insights
AVAX’s trading volume and social metrics have risen, reflecting increased popularity and development activity. Testing support at $31.4, a successful hold could push AVAX towards $41.

⚠️ Potential Risks
The Money Flow Index (MFI) is nearing overbought territory, and the Chaikin Money Flow (CMF) shows a downturn. These indicators suggest possible price corrections. AVAX may face selling pressure and could drop to $26 if bearish trends take over.