Based on current chart analysis, $AVAX has successfully broken through its 1100-day resistance line. Utilizing the Fibonacci tool, we observe that the golden Fibonacci ratio (0.618) is positioned around the 95 level, which indicates a potential breakout. This suggests that AVAX could surpass this golden level and form a new cycle top at 371, signaling an upward trend.

Key Observations:

AVAX Weekly Timeframe (1W TF): The chart shows a bullish breakout above key resistance levels, indicating a strong upward momentum.

BTC Dominance (BTC.D): BTC dominance has risen significantly without triggering major volatility in altcoins. BTC.D is now trading just below its resistance level, suggesting that a broader market move is imminent.

USDT Dominance (USDT.D): The USDT dominance has broken its horizontal support, further reinforcing the bullish outlook for the market as a whole.

Market Outlook:

With these technical indicators in play, the overall market sentiment appears bullish, and we recommend positioning yourself to capitalize on the potential upside in AVAX. Investors should begin accumulating AVAX in anticipation of further
price increases.