$AVAX Emerges from Downtrend
Avalanche is a robust Layer 1 blockchain project, demonstrating impressive ecosystem development. However, it has become somewhat outdated over time.
Examining the chart, we observe that the price has been declining within a "descending price channel" for the past six months. Currently, it appears to be forming a "bullish flag," indicating a potential continuation of the uptrend đ.
There's a pattern suggestive of a "double bottom" on the chart. Crucially, for the upward movement to persist, a breakout above the resistance levels around $29.5 and $32.0 is required.
I have strong confidence in Avalanche and anticipate growth with targets set for the mentioned resistance zone and local highs đŻ.
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