Avalanche (AVAX) is trading at a new weekly high of $38.57, up more than 27%. The bulls in the market have impressively beaten the core resistance levels of $23.919 and $31.975, respectively. The price increase in Avalanche has kept the bulls purchasing, as a fresh resistance target of $40.00 looms ahead. This event may push the coin's price to the $45 to $50 level, but it will be the ideal opportunity for the bears to strike.