AVAX LONG
This chart illustrates the current price action of AVAX/USDT as it approaches a descending trendline resistance. The price is currently trading near $26.77, just below a critical weekly resistance level at $32.76. The momentum indicators below suggest potential bullish divergence, indicating a possible reversal if the price breaks through the descending resistance line. However, traders should watch for rejection at the trendline or the $32.76 resistance, which could indicate further downside movement.
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