Avalanche (AVAX) Price Soars to $40 But Faces Resistance at Key Level
- Avalanche (AVAX) price increased significantly over past 20 days, hitting $40 on Feb 10
- Price bounced at long-term support level but faces resistance at $40
- Weekly chart shows bullish indicators like RSI above 50, but momentum slowing
- Daily chart shows AVAX trapped in ascending channel, suggesting correction possible
- Key level to watch is $40 - breakout could reach $50, breakdown could drop to $33