The AVAX coin chart currently displays a symmetrical triangle pattern, which is indicative of accumulation and consolidation. The Relative Strength Index (RSI) is showing signs of recovery from oversold conditions, while the Stochastic RSI has formed a bullish crossover, suggesting increasing upward momentum. Price action has recently rebounded strongly from key support levels, signaling robust buying interest. While short-term fluctuations could potentially bring bearish movements, the overall structure of the chart points to a breakout, which suggests a bullish trend in the medium to long term. Therefore, although there may be short-term bearish pressure, AVAX shows a strong bullish potential in the longer run.
BTC.D (Bitcoin Dominance) Chart Analysis
The $BTC .D chart, on the other hand, reveals a bear flag formation on the daily timeframe, a typical continuation pattern that suggests further downside. The RSI indicates downward momentum, while the Stochastic RSI is moving towards oversold territory, both confirming a weakening trend. Although minor upward corrections are possible, the overall market structure suggests a decline in Bitcoin dominance in the short term. This bearish outlook for BTC.D complements the longer-term bullish potential for AVAX, while still cautioning for possible near-term pullbacks.
TOTAL3 Market Analysis
The TOTAL3 chart shows a bullish flag pattern on the 8-hour timeframe, signaling the potential for upward movement. The RSI is recovering from oversold levels, and the Stochastic RSI is also suggesting a bullish crossover, indicating a positive shift in market sentiment. This aligns with AVAX's bullish long-term outlook, while short-term pullbacks or consolidations may occur.
Market Overview
The overall market is exhibiting signs of gradual recovery, with liquidation pressure easing and leverage zones shifting upwards. This shift favors bullish momentum in the longer term, which is consistent with $AVAX 's positive outlook, despite potential short-term consolidation phases.
Trade Details:
Entry Price: Approximately 20.93
First Target Price (TP1): 104.60
Second Target Price (TP2): 302.80

Avalanche continues to impress the blockchain world with its lightning-fast transaction speeds and scalable ecosystem. Its DeFi and dApp integrations are reshaping blockchain utility. $AVAX

is a must-watch! 🌟
#AVAX #AvalancheNetwork #DeFi $BTC

$$SOL