The AVAX/USDT chart displays a falling wedge pattern, which is typically bullish. The price is trading near $51.80, with Bollinger Bands showing a potential breakout toward $58.36. The stochastic RSI is oversold at 13.61, signaling upward momentum. The RSI divergence indicator at 50.62 supports a bullish bias. Volume profiles suggest strong buying interest above $52.68, reinforcing the breakout scenario. These indicators collectively indicate bullish potential for AVAX.
The TOTAL3 chart indicates a rounded bottom pattern with a successful retest above $1.02T, suggesting bullish continuation. The Bollinger Bands show the price consolidating within an upward trajectory. The stochastic RSI at 19.77 suggests potential upside momentum. The RSI divergence indicator at 63.59 signals a strengthening trend. Volume analysis confirms significant support near the $1.02T level. These indicators collectively support a bullish outlook, which aligns with optimism for AVAX's future performance.
The USDT dominance chart displays a head and shoulders pattern with a confirmed breakdown below the neckline at 4.00 percent, signaling a bearish trend. The stochastic RSI at 79.07 is in overbought territory, indicating a potential reversal. The RSI divergence indicator at 43.17 confirms weakening momentum. The chart suggests declining dominance of USDT, which is favorable for risk assets like AVAX, as reduced USDT dominance typically correlates with bullish sentiment for cryptocurrencies.
The BTC dominance chart displays a retest of the ascending channel's lower trendline at 56.85 percent, with rejection confirming a potential breakdown toward 40 percent. Stochastic RSI at 87.57 indicates overbought conditions, signaling reversal. The RSI divergence at 41.31 confirms bearish momentum. A decline in BTC dominance implies a shift towards altcoins, favoring bullish sentiment for DOT coin and other alternative assets, as capital flows away from Bitcoin.
Entry: 51.17 or Market Price
1st Tp: 53.55
2nd Tp: 55.45
3rd Tp: 57.70
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