Avalanche's AVAX on a bullish climb eyeing the $50 peak

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.