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#AVAX (AVAX/USDT)📊
AVAX is currently forming a falling wedge on the daily timeframe, a bullish reversal pattern. The price has been testing the wedge's lower boundary while showing signs of a potential breakout. If AVAX can break through the $27.985 level, it could push further toward the upper resistance of $50.040, representing a significant upside.
⭕️Supports: $24.916, $17.252
⭕️Resistances: $27.985, $50.040
📈 A successful breakout could lead to a strong upward move, so keep an eye on the $27.985 level for confirmation. If rejected, AVAX may retest lower support levels.
