Forget about volatility! It seems that a cryptocurrency, one of those that keeps us on the edge of our seats, is about to take an epic turn. We're talking about Avalanche, or as we call it in the neighborhood, AVAX. An analyst took a look at the chart, and what they saw could mean that the next bullish rally is not a dream, but a very real possibility. It's not gossip, it's pure technical analysis that has more than one person hoping that the number finally goes up.

Look, the move is that simple: an analyst, known as The Boss, started looking at the weekly chart of AVAX and noticed something super key: a "double bottom." Imagine that the price of the coin drops twice and fails to break a floor, like bouncing on a trampoline. That, in the trading world, is a signal that the drop has stopped and that the coin could start rising strongly.

But it's not just the double bottom that's got people excited. The analysis gets even juicier with other indicators that The Boss also saw:

  • MACD about to cross bullish: This is like the engine that is warming up. When these two lines cross, it means that buying pressure is gaining momentum. Boom! 🚀

  • RSI at 55: This little number, which measures the strength of the coin, is above the midpoint. It’s neither too hot nor too cold, but its direction is upward, confirming that the momentum is on the side of those who want it to rise.

  • ADX rising: This indicator tells you if the trend is strong. Although it hasn’t yet broken the barrier that defines a "strong trend," it is climbing, indicating that something big is cooking.

  • Volume shooting up: People are buying again. Trading volume has increased, and that means interest and confidence in AVAX are returning. It’s not just the analysts seeing the potential, but also the investors.

The Boss says the critical point is a green resistance line. If the price of AVAX closes a week above that line, we could see a significant rise. But, be careful! The crypto world is a roller coaster. The analyst warns that you need to stay alert because things can turn around at any moment. We need to see if the price stays above the resistance levels to confirm that this rise is serious.

So, is AVAX preparing for a bullish party or is it just a fleeting illusion? Only time will tell, but the indicators are heating up. Do you think it's time to jump in or keep waiting? 👀$AVAX