Several altcoins, including AVAX, TON, and WIF, are surging in price, indicating a potential upswing in the crypto market. This price surge is driven by bullish trading patterns and positive analysis, drawing the attention of investors.

AVAX Targets $33 After Bullish Breakout

Avalanche (AVAX) has hit its initial price target and is now trading within a bullish flag pattern, as forecasted by The Moon. At the time of writing, AVAX is trading at $27.67 with a 24-hour trading volume of $398,692,692, showing a 1.89% increase.

As noted by The Moon, a 4-hour AVAX/USDT chart from Bybit indicates a breakout from a descending wedge pattern, a classic bullish reversal signal. Following this breakout, AVAX surged, demonstrating a strong bullish trend and higher trading volume.

Read also: Altcoin Season Dawning? Analyst Sees Bullish Shift

Source: The Moon

The price projection toward $33 is shown by a dashed line on the chart, representing the next resistance or target level. The $28 resistance level is currently holding, with the price staying just below it.

A successful breakout from this pattern could push AVAX toward the $33 target. However, if it fails to break above the current flag, it may drop to support levels around $25-$26.

TON Forms Symmetrical Triangle as Hamster Kombat Launches

Toncoin (TON) has been trading within a 4-hour symmetrical triangle pattern after the Hamster Kombat announcement. The Moon has identified price targets of $6.33 and $5.00 for TON.

Currently, TON is priced at $5.74 with a 24-hour trading volume of $276,591,878, a 3.13% increase.

Source: CoinMarketCap

A 24-hour price chart shows TON moving between $5.00 and $5.77. The asset began the period at approximately $5.59, fell to around $5.45, and then recovered to close at $5.77.

WIF Breaks Out, Aiming for a 2x Gain

Additionally, World of Charts reports that WIF is breaking out of a symmetrical triangle pattern, suggesting a potential 2x bullish wave in the coming weeks if the breakout continues.

The WIF/USDT pair on a 1-day timeframe shows a downward trend with lower highs since April. The chart projects a potential rise to $3.007, which would be a 145.92% increase from the current level.

As of press time, WIF was trading at at $2.02 with a trading volume of $722,608,139, up by 15.62% over the last 24 hours. The price has increased by 14.69% to reach $1.999, increasing the likelihood of the breakout possibility.