đ¨ Avalanche Price Analysis đ¨
Avalanche (AVAX) has formed a symmetrical triangle pattern, indicating uncertainty about the next directional move.
đ Current Price Action
If the price maintains above the 20-day EMA ($26.43), the AVAX/USDT pair is likely to rally to the resistance line. Buyers will need to thrust the price above the triangle to target $46.
đ Key Support Levels
Alternatively, if the price breaks below the 50-day SMA ($25.20), the pair could slide to the support line. This is a crucial level for bulls to defend because if the support cracks, the pair could decline to $17.
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