💰 #AVAX can continue recovering
Today I want to analyze the weekly chart of Avalanche. Its structure is quite unusual compared to other altcoins.
The last strong impulse occurred at the end of 2023 🔼, when the price broke upwards through the mirror levels around ~$20.5 and ~$30.8.
However, right after that, a correction started 📉, which is still ongoing in the form of a downward channel. After the first low in August 2024, a second low was formed in April 2025, necessary to eliminate liquidity.
Currently, this channel is transforming into a bullish flag 🐂, a continuation pattern of growth.
I expect a resumption of the upward trend with an approximate target around ~$48 🎯
