Avalanche (AVAX) has experienced a significant rally, with its price surging over 20% and breaking the $25.00 resistance level. The current price action suggests a fresh uptrend, potentially propelling AVAX towards the $35.00 mark.In recent days, both Bitcoin and Ethereum have seen strong increases, which have boosted market sentiment and led to gains in altcoins like DOGE, SOL, and AVAX. Avalanche formed a base above $15.00 before embarking on a strong upward movement. It surpassed the $20.00 resistance zone and the 50-day simple moving average, with the last few candles indicating a steady increase.AVAX has seen a 20% surge in the past few sessions, breaking the $25.00 resistance level. A new multi-month high was reached at around $26.99, and the price is currently consolidating its gains. On the daily chart, a key contracting triangle is forming, with resistance near $27.00.In the event of a downside correction, AVAX may find support near the $25.20 level or the 23.6% Fibonacci retracement level. The first major support is forming near the triangle trend line at $23.25, which is also close to the 50% Fibonacci retracement level. However, if the bulls fail to protect a close below the triangle support, the price could experience a significant decline, potentially revisiting the $20.00 support zone or the last swing low at $19,050. Further losses could push AVAX towards the $17.50 level or the 50-day simple moving average.On the upside, immediate resistance is near the last swing high at $26.99 or the triangle trend line. A close above the $27.00 zone could pave the way for a fresh surge, with AVAX potentially rallying over 25% and testing the $35.00 level. The next major resistance is near $36.80, and additional gains could open the doors for a move towards the $40.00 resistance.Recent statistics from the Avalanche ecosystem indicate that over 1 billion total transactions have been completed, and over 2.8 million AVAX tokens have been burned. Overall, the current price action suggests a positive outlook for AVAX, with a potential upward move towards the $35.00 level. However, a downside correction towards $23.25 or even $20.00 cannot be ruled out.