Update
AVAX Price Approaches Breakout
AVAX price is near a technical resistance area as staking participation reaches 43% of the circulating supply. Analysts expect an upward breakout as the falling wedge pattern approaches its narrowing point. The token has been consolidating between $8.50 and $8.60, with buying activity pushing it towards $9.00. The $8.70 level offers support, while a decline below $8.00 could challenge the bullish interpretation of the wedge pattern.