🚨 Bullish Reversal Alert: $AVAX Eyes $30 Breakout 🚨

Avalanche ($AVAX ) has formed a classic double bottom pattern on the daily chart, signaling a potential trend reversal. After establishing strong support around $17, AVAX has broken above the neckline at $19.60, indicating renewed bullish momentum.

Key Technical Highlights:

Double Bottom Formation: Suggests a shift from bearish to bullish trend.

Breakout Confirmation: Price has surpassed the $19.60 neckline.

Resistance Levels: Immediate resistance at $22; a break above could target $30.

Chart Overview:

Source: TradingView

Next Steps: If AVAX maintains momentum and breaks above the $22 resistance, we could see a rally towards the $30 mark. Traders should watch for volume confirmation and RSI levels to gauge the strength of this move.

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