🔴 #AVAX may continue to recover
Today I want to break down the Avalanche weekly timeframe. It is quite unconventional against the background of other alts.
The last strong rise here was seen at the end of 2023 ↗️. Back then, the price broke upwards through the mirror levels at ~$20.5 and ~$30.8.
However, a 📉 growth correction began immediately afterward. It is still taking place in the form of a descending price channel. After the first low in August 2024, a second low in April 2025 was also formed, which was necessary to remove liquidity.
At this point, the mentioned channel is transitioning into a bull flag 🐂. This is a continuation formation of growth.
I expect a resumption of growth with an approximate target of ~$48 🎯