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The cryptocurrency
(AVAX) has shown a potential upward trajectory, with analysts suggesting that the could target a price range of $37–$40 following its recent breakout above $27. This development has sparked renewed interest among investors, who are closely monitoring the movement to gauge the asset’s momentum and potential for further gains.The breakout above $27 marked a significant technical milestone for
, breaking through a key resistance level that had constrained price movement for an extended period. Analysts have noted that this move aligns with bullish patterns observed in recent weeks, suggesting that the next price target is within reach if the asset can maintain its upward momentum. The $37–$40 range has been identified as a critical threshold for validating the strength of the breakout.Several on-chain metrics support the notion of a strengthening market for AVAX. Recent data indicates a rise in the number of active addresses and increased transaction volume, signaling heightened usage and interest in the Avalanche network. These trends are often considered leading indicators of broader price movements and may reinforce the likelihood of the asset reaching the projected targets.
Market analysts also point to the broader context of the crypto market environment, which remains volatile but has shown signs of stabilization. While the wider market is still influenced by macroeconomic factors such as interest rates and inflation, Avalanche appears to be benefiting from increased institutional adoption and growing DeFi activity on its platform. This has positioned AVAX as one of the more resilient assets in the current cycle.
However, as with any cryptocurrency, the path to $37–$40 is not without risks. Market analysts caution that a failure to hold above $27 could lead to a retest of previous support levels or a pullback due to profit-taking. Investors are advised to monitor key resistance and support levels closely to make informed decisions about their positions.

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