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Avalanche (AVAX) is consolidating below key resistance at $27, with analysts predicting a potential surge to $46 upon breakout. The network’s C-Chain recorded 35.8 million transactions in August, its second-highest monthly volume. Technical indicators show bullish momentum building as buyers maintain support.
- AVAX's $27 resistance level has held since March, with a breakout potentially triggering a rally to $40-$46
- Avalanche C-Chain recorded 35.8M transactions in August, its second-best month, signaling robust network usage
- Technical analysis shows bullish momentum with MFI at 68 and a positive MACD crossover favoring buyers
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