LONG TERM $AVAX ANALYSIS
Avalanche is in a rising trend channel in the long term. This signals increasing optimism among investors and indicates continued rise. The currency has met the objective at 34.50 after a break of the double bottom formation. The price has now fallen, but the formation indicates further rise. The currency is approaching support at 22.00 points, which may give a positive reaction. However, a break downwards through 22.00 points will be a negative signal. The currency is overall assessed as technically positive for the long term.
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