Avalanche (AVAX) has been performing notably recently, with its price continuously rising and currently approaching the key resistance level of 27 dollars. Technical Analysis shows that the AVAX price movement is forming an ascending triangle pattern, which typically indicates that buying pressure is steadily increasing.

If AVAX can successfully break through the $27 level, it may trigger a strong pump. According to the current price movement, analysts predict its rise target range may be between $41 and $45, which would bring a substantial rise of about 56% to 70%.

However, investors also need to remain cautious. If AVAX fails to maintain above $27 and breaks below the $23 support level, the current bullish pattern will be invalidated. In this case, the market may face a deeper correction.

Overall, $27 is a key turning point for the current AVAX price movement. A breakthrough at this level will provide investors with considerable pump opportunities, while a drop below $23 will require investors to be vigilant and manage risks.

The cryptocurrency market is rapidly changing, and investors should conduct thorough research and analysis before making any investment decisions, and allocate assets reasonably according to their risk tolerance.