📈 Analysis and Prediction (AVAX and DOGE):

😀 #AVAX/USDT - On the daily chart, it's evident that #AVAX has been below a descending resistance line since December 24, 2023. The decline led to a minimum of $27.26 on January 23, 2024. Since then, the #Avalanche price has risen, confirming the Fibonacci 0.5 support level and rebounding from the descending resistance. The culmination of the upward movement was reaching a high of $43.62 on February 15. Forecast: In contrast to the daily timeframe, the six-hour chart provides mixed signals due to price action and the relative strength index (RSI). Avalanche fell after deviating above the Fibonacci 0.618 resistance on February 15 and yesterday dropped below the ascending parallel channel support line. The breakout also led to a decline in RSI below 50, considered a bearish sign. Thus, the further trend direction will depend on the reaction to the ascending support line.

📊 #DOGE/USDT - The weekly timeframe technical analysis indicates that in November 2023, Dogecoin fell below a descending resistance line that had persisted for 400 days. Before the drop, #DOGE price reached a local peak of $0.107. However, in January 2024, the meme coin bounced back from this resistance and grew, though it did not reach the previous annual maximum. Forecast: On the daily chart, it's visible that since June, DOGE has been trading within an ascending parallel channel. In November 2023, the price broke above it, but soon after, returned within the pattern. Despite the fall, Dogecoin bounced off the channel's middle line and is now attempting to rebound from the resistance line. The daily RSI supports the possibility of a breakthrough as it is above 50 and rising. If DOGE price breaks out of the channel, it may grow by 17% and reach the next resistance at $0.103.

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