📈LONG: $AVAX (1D)

#AVAXUSDT | #AVAX | #Avalanche

Current Price $28.07

Market Cap $11.12B

Change 1h +2.20% | 24h +3.84%

Daily Indicators:

• RSI: 53 - Neutral 🟠

• MACD: -0 - Bearish 🔴

• EMA: 27 - Above 🟢

Analysis: The AVAXUSDT chart shows a falling wedge pattern, indicating a potential bullish breakout. As the price approaches the wedge's resistance line, watch for a strong uptrend. This pattern often signals that a reversal may be on the horizon, so keep an eye out for any breakout above resistance.

Price Targets: If a breakout occurs, potential price targets could be: $31, $37, and eventually $45. Initially, a move past $31 would confirm the breakout, with higher targets aimed at $37 and $45 as the uptrend gains momentum.