Analysis: AVAX may follow XRP's recent rally and enter a stage of explosive growth
According to the latest data, AVAX is showing a similar breakthrough trend to XRP. In the week ending December 8, AVAX successfully broke through the upper trendline of its three-year symmetrical triangle pattern. Market analysts are optimistic about this and predict that AVAX will experience a "strong breakout" in the coming months.
It is worth noting that AVAX's current trajectory is strikingly similar to its historical cycle from 2016 to 2017, which further strengthens analysts' confidence in future explosive growth. They expect AVAX to repeat the historical trend that pushed it to a new high that year.
Traders are also optimistic about the future development of AVAX and set a target price of $937 by May 2025. If this expected price is achieved, it will mark the first time that the market value of $AVAX has broken through the historical peak and ushered in a new stage of development.
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