Cryptocurrency markets have begun to become active recently. Altcoins such as Cardano (ADA) and Avalanche (AVAX) are attracting investors' attention by challenging important resistance levels. Technical analysis reports indicate that both assets may reach critical breakout points in the near future.

Cardano (ADA) Upward Potential

Cardano has started to show signals of a new upward trend in the market after a prolonged correction process. The symmetrical triangle formation observed in the charts is interpreted as a harbinger of a significant upward wave within the framework of Elliott Wave theory. If the current resistance level is surpassed, ADA is expected to climb to $0.7766 and $0.9069, respectively.

Analysts state that target prices of $1.53 in the short term and $1.74 in the long term are achievable. At this point, it is emphasized that the $0.6476 level plays an important role as support.

Avalanche (AVAX) Momentum and Expectations

Avalanche has experienced an increase of approximately 15% in recent weeks, reaching the $21 level, while the descending wedge formation observed in technical charts indicates that a strong upward breakout is likely to occur soon. Analyst CryptoELITES predicts that if the resistance level of $35-40 is surpassed, AVAX could rise first to $80 to $100, and then to $250.

These developments also indicate an increased interest from major investors in AVAX. Additionally, while management changes at the Avalanche Foundation have led to some uncertainties, the continuous efforts of the team managing the project create a positive impression in the market.

Overall, technical indicators and investor movements show that both altcoins have found a suitable ground for new peaks.