3 reasons why Avalanche (AVAX) price can double by March 2023
The latest AVAX price rally comes on the heels of Avalanche's partnership with Amazon Web Services as the cryptocurrency market rebounds. Avalanche (AVAX) has opened 2023 with a bang, rising nearly 55% in the first two weeks. And now, a mix of technical and fundamental indicators hints that the token will keep rallying into March. AVAX price breakout underway The AVAX/USD pair appears to have been forming a falling wedge pattern since May 2022 and has now entered the breakout stage of this pattern. A falling wedge forms when the price trends lower inside a range defined by two converging, descending trendlines. The pattern resolves after the price breaks out of its range to the upside and, as a rule of technical analysis, can rise as high as the distance between its upper and lower trendlines. AVAX/USD daily price chart featuring falling wedge setup. Source: TradingView Applying the theory on AVAX's falling wedge pattern brings the token's breakout target at around $34, up...