The weekly chart of AVAX displays a strong presence of the bulls as they have defended the lower crucial support below $10. Moreover, the latest rebound from a strong trend reversal zone around $15 has validated the presence of bulls. Interestingly, the price is consolidating along the neckline of the double-bottom pattern while a similar pattern is in making, if it breaks the pivotal resistance at $22.67, which could occur anytime from now. Meanwhile, the MACD is about to undergo a bullish crossover, substanting bullish claim.
Resistance 1: $25
Resistance 2: $40
Resistance 3: $50
Final Threshold: $60
After securing $60, the AVAX price may initiate a fresh upswing above the 3-digit figure.
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