

Avalanche (AVAX) has seen a price increase of over 7% in the past week, potentially positioning it to surpass Shiba Inu (SHIB) as the 11th largest cryptocurrency by market capitalization. Despite a generally bearish sentiment, AVAX's price action suggests a breakout could be imminent, driven by technical indicators like a falling wedge pattern. If AVAX successfully breaks out, it could see significant gains, challenging SHIB's market position.