Market Update: AVAX price rallies with a double bottom breakout, eyeing the $15 mark.
Current Trading Price: AVAX is trading at $12.07, with a slight intraday fall of 1.47%.
Key Resistance: The 200-day EMA and $12.34 level are the immediate resistances.
Technical Indicators - EMA: A golden crossover is on the horizon, indicating bullish momentum.
Technical Indicators - MACD: Shows linear growth with a bullish spread, suggesting continued upward movement.
Recent Pattern: AVAX formed a double bottom pattern, a classic reversal setup.
Potential Retest: A retest of $10.86 could occur before a further bullish trend.
Year-to-Date Performance: AVAX has turned Year-to-Date performance positive with a 12.60% gain.
Market Sentiment: The sentiment is bullish, with AVAX gaining 40% in the last three weeks.
Upside Potential: Crossing the 200-day EMA could significantly boost AVAX's price.
Downside Risk: A reversal from the 200-day EMA could see a drop to the $10.86 level.
Market Catalysts: Bitcoin's rise above $35K is creating a positive ripple effect for altcoins like AVAX.
Current Trading Price: AVAX is trading at $12.07, with a slight intraday fall of 1.47%.
Key Resistance: The 200-day EMA and $12.34 level are the immediate resistances.
Technical Indicators - EMA: A golden crossover is on the horizon, indicating bullish momentum.
Technical Indicators - MACD: Shows linear growth with a bullish spread, suggesting continued upward movement.
Recent Pattern: AVAX formed a double bottom pattern, a classic reversal setup.
Potential Retest: A retest of $10.86 could occur before a further bullish trend.
Year-to-Date Performance: AVAX has turned Year-to-Date performance positive with a 12.60% gain.
Market Sentiment: The sentiment is bullish, with AVAX gaining 40% in the last three weeks.
Upside Potential: Crossing the 200-day EMA could significantly boost AVAX's price.
Downside Risk: A reversal from the 200-day EMA could see a drop to the $10.86 level.
Market Catalysts: Bitcoin's rise above $35K is creating a positive ripple effect for altcoins like AVAX.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.