The Avalanche (AVAX) price broke out from long- and short-term descending resistance trendlines. 

While the price still trades below the $10.80 long-term resistance, it has already cleared the $9.80 one.

Avalanche Moves Above Long-Term Resistance

The technical analysis from the daily timeframe shows that the AVAX price has fallen under a descending resistance trendline since April. The decrease culminated with a low of $8.61 in September. 

The altcoin began an upward movement shortly afterward and broke out from the trendline in October. At the time of the breakout, the trendline had been in place for 165 days. AVAX has increased by 25% since.

Today, AVAX reached a high of $10.78. It was the first time it had reached the $10.80 horizontal resistance area since August.

It is worth mentioning that the
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Author: Valdrin Tahiri

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