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Since the beginning of 2022, the crypto market has been more unpredictable as major cryptos have seen massive volatility in both directions. As a result, the assets acquire a significant amount in value, yet they swiftly lose their gains.

As a result, the asset’s value is dragged back to previous levels. A similar scenario was observed with the Avalanche(AVAX) price, although, unlike the other market trend, the asset is more likely to reach a three-digit number very soon.

Since the latter few days of January 2022, the AVAX price has maintained a significant increase, sustained until the asset blasted the monthly highs at $95.5. The DeFi token had bragged through the consolidated uptrend to pull a massive move up, but the asset badly reentered the parallel channel, implying a bearish trend. However, the recent dramatic flip from the negative trend from the previous trading day showed the asset’s strength.

Since then, the AVAX price has sustained a substantial increase after reversing the bearish trend that began with the lows of $52.95 in 2012. Surprisingly, the asset ranged high enough to cut through the crucial resistance levels between $87 and $89, but it turned out to be a fakeout.

However, without further ado, the asset flipped, striking the lower support levels of the constructed ascending triangle, which is regarded as one of the most bullish indicators. The price is again probing the same resistance zone within the triangle and may finally make it as buying pressure builds to reasonable levels.

The Avalanche price might plow through these levels and finally reach the higher and key resistance level of $96. These are also the top bands of the ascending triangle, which might drive the next rise and help the price reach a three-digit number very soon.

The asset must be cautious at this point since the bears look to be on high alert and may be ready to take their profits. The AVAX price may undergo an intermediate retreat here, but it will likely remain steady around $100 when the asset approaches the ATH at the earliest.

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