Avalanche (AVAXThe. ( strengthened its case to a possible upside run towards $160 over the next sessions after it broke from a bullish pattern earlier in this week.

“bull flagThe pattern is formed when the price moves sideways or lower between parallel trendlines (flag), after it has experienced a significant upside move (flagpole). In theory, later, the price will break out from the channel range and continue its uptrend. It tends to increase by at least the flagpole’s height.