 
 
Avalanche (AVAX), the 17th-largest cryptocurrency by market cap, is gaining momentum and positioning itself for its next major breakout.
According to market analyst Lingrid, AVAX recently retested its key trendline after rebounding from the demand zone, reinforcing its bullish structure. The breakout from a falling triangle confirms the shift from bearish to bullish momentum.
She added, “Price is consolidating near $23–$24 and aligning with higher lows, signaling potential continuation. A breakout from this range could lift AVAX toward the 28 target line.”
Presently, AVAX is consolidating between the $23 and $24 zone, but higher lows signal growing demand and accumulation.
As a result, Lingrid notes that this structure often precedes a breakout, with bulls quietly building pressure for the next major move.
 
Therefore, Avalanche’s bullish structure remains intact, with consolidation hinting at strong accumulation.
Notably, a decisive breakout above $24 could ignite momentum toward $28, reinforcing AVAX’s positive outlook in the weeks ahead.
At the time of this writing, Avalanche was trading at $24.77, according to CoinGecko data.
Avalanche’s C-Chain Posts Second-Highest Monthly Activity
Avalanche’s C-Chain just logged its second-highest month ever, processing 35.8 million transactions in August.
Market experts say the surge highlights accelerating demand for decentralized finance (DeFi), non-fungible tokens (NFTs), and Ethereum-compatible decentralized applications (dApps), reinforcing the network’s expanding momentum and growing utility.
This milestone underscores Avalanche’s strength as one of the fastest, most scalable smart contract platforms.
Its EVM-compatible C-Chain powers dApps and smart contracts, driving ecosystem growth by offering seamless Ethereum integration with lower costs and faster speeds, continuing to attract developers and users alike.
Meanwhile, leading asset management firm Grayscale recently filed with the SEC to convert its Avalanche Trust into a spot ETF listed on Nasdaq, aiming to expand regulated investor access to AVAX.
Source: https://zycrypto.com/from-dip-to-rip-avalanche-breakout-sparks-bullish-momentum-with-28-in-sight/