Analyze of #Avalanche for you in a 1D time . we can have a MID-term view of AVAX regarding the technical analysis.

➡️ #AVAX/USDT has rolled back towards the support level, where it has been bouncing off the zone between 30-31, forming a consolidation area also known as an accumulation phase. As we can see, the price is currently tesed the bottom of this range, which suggests that it may be poised to move up to the top of the range. On the daily timeframe, price has created a few doji candles, indicating a loss of momentum as it approaches the support level. the price may drop slightly before establishing new higher lows and will retest the middle of this significant consolidation zone, which has been respected many times in the past.

😀Resistance levels: $69 - $59

✅ Due to the structure of the chart...

💥Bullish Movement is More likely to Happen.

💥No break out yet!

$AVAX