Avalanche (AVAX) experienced a sharp price increase in December, reaching a new yearly high of $38.
AVAX successfully broke out from a 750-day descending resistance trend line, indicating strong bullish momentum.
The cryptocurrency's Relative Strength Index (RSI) is in an upward trend, currently above 50, suggesting continued bullish potential.
Analysts on X are optimistic about AVAX's trajectory, with some predicting resistance at around $53.